News by Chester Tay

In its filing with Bursa Malaysia today LFE said the contract tenure spans 26 months from Sept 23, 2019 to Nov 22, 2021.

“My guess (for the PDP agreement to be signed) is next few weeks,” he said.

He was reading out his witness statement in the High Court yesterday, where he also refuted earlier testimonies saying that he would give directions to the board through SRC’s former chief executive officer and managing director Nik Faisal Ariff Kamil, who was the sole link between the two parties.

"I found that Jho Low was successful in collaborating with the Arabs and Khazanah Nasional Bhd in the Iskandar Development," said Najib. 

Najib said this when testifying on the witness stand in his SRC International Sdn Bhd trial to questions from his lawyer Wan Aizuddin Wan Mohammed.

"I never directed the board of directors on the same matter. I was not in any position to micro-manage any MoF Inc company, including SRC. Furthermore, SRC was not the only MoF Inc company that [was] involved in national interest at that time. There was no reason for me to direct the SRC board of director through Nik Faisal," he said.

The original copies of these documents were, however, not tendered as evidence before High Court judge Mohd Nazlan Mohd Ghazali.

“My only interest in the SRC is that it is in the national interest,” he told the High Court here today, as he took the witness stand to make a sworn statement after Justice Mohd Nazlan Mohd Ghazali ruled a prima facie case was established by the prosecution in the trial for alleged misappropriation of RM42 million in SRC.

Testifying in his defence, Najib said there were instances where he wrote ‘bersetuju” (agree) but the officers did not support his decision.

In his opening speech outlining the defence case today, Shafee said his team will also prove that the surrounding circumstances has led Najib to believe that fugitive businessman Low Taek Jho, or Jho Low, was a close associate to the royal family of Saudi Arabia.