News by Emir Zainul

Lead defence counsel Tan Sri Muhammad Shafee Abdullah argued that while a person can be charged under Anti-Money Laundering, Anti-Terrorism Financing and Proceeds of Unlawful Activities Act 2001 (AMLATFA) without being charged for the predicate offence, that does not mean the prosecution is excused from proving the predicate offence.

"However, the independent valuation was never done."

This means Musa is left with 30 charges of bribery amounting to about US$50.26 million.

Shafee cited the example of Petroliam Nasional Bhd's (Petronas) M&A, which he claimed was also very controversial as it granted the PM even more powers over the company than 1MDB’s did.

After producing a series of documents yesterday, Shafee implied Shahrol could not have been so naive to solely follow Jho Low to the point that he disregarded NAD’s requests for documents.

The plaintiffs of the case, led by deputy public prosecutor Fatnin Yusof, were told by High Court Judge Mohamed Zaini Mazlan today to share the coloured photographs and proper description of the items for Najib and Rosmah to identify whether they were personally purchased or gifted by the duo's acquaintances.

Pragmatic, carefully curated to benefit the rakyat across ethnic groups and with timely incentives to reduce the country's dependence on foreign labour — these are among the comments from Malaysia's top bankers on Budget 2020, which was tabled in Parliament today by Finance Minister Lim Guan Eng.

It was not immediately revealed how much the project will cost this time.

According to previous witness Datuk Amhari Efendi Nazaruddin, in 2009, a representative of Istana Negara had refuted Jho Low's claim that he was an adviser of the Agong, who was then Sultan Mizan Zainal Abidin of Terengganu.

MACC chief commissioner Latheefa Koya: Our investigation will show that these monies that they have received — that we are now seeking back by way of compound — are monies from 1MDB. They belong to the Malaysian public.