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SRC Trial: Defence applies for more time to file petition of appeal

According to court procedure, the petition of appeal is required to be filed within 10 days from when the record of appeal, which comprises the grounds of judgment from High Court judge Mohd Nazlan Mohd Ghazali, is ready. In this case, the defence is asking to extend the deadline to file the petition from 10 days to 30 days.

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Hazem was offered triple pay bump to join 1MDB; last drawn salary RM97,000 as CEO

During examination-in-chief today, Mohd Hazem Abdul Rahman, who is testifying against former prime minister Datuk Seri Najib Razak in the 1MDB-Tanore trial as the 10th prosecution witness, said he received a salary of RM93,000 a month as chief operating officer (COO) when he first joined 1MDB in August 2012. Mohd Hazem said that when he was promoted to chief executive officer (CEO) in March 2013, he received a salary of RM97,000. Furthermore, during his tenure, he received a five-month bonus in his first year when he was COO and a 10-month bonus when he was CEO.

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1MDB ex-CEO: Najib pressured me to replace 1MDB auditor

This was due to the fact that KPMG had found out that Najib, as 1MDB’s shareholder, was aware of 1MDB’s bogus investments in Brazen Sky Ltd, a company incorporated in the British Virgin Islands by Low Taek Jho (Jho Low), Mohd Hazem told the court during Najib's 1MDB-Tanore graft trial.

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1MDB funds were used for Umno's election campaign during GE13, ex-CEO claims

Former prime minister Datuk Seri Najib Razak had used part of the US$3 billion raised by 1Malaysia Development Bhd (1MDB) — initially intended for the development of the Tun Razak Exchange (TRX) — to acquire land in Ayer Itam, Penang as part of Umno’s campaigning leading up to the 2013 General Elections (GE13), the High Court heard today. According to former 1MDB chief executive officer Mohd Hazem Abdul Rahman, who is currently testifying as the 10th prosecution witness in the 1MDB-Tanore trial, the land was to be utilised to build an affordable housing development.

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Ex-Transmile boss appeals against conviction

Once a darling stock on Bursa Malaysia, Transmile was caught in an Enron-esque accounting scandal in 2007 after auditors concluded that the results for the financial years ended December 2005 and 2006 were grossly overstated.

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