News by Hafiz%20Yatim

“The US$126 million (RM514.1 million) is the best received offer over five months from October 2018, when the Equanimity was first put up for sale. The sale is the highest recovery to date by the Malaysian government from the 1MDB scandal,” said Attorney-General Tommy Thomas

He springs a surprise addition to his defence team and claims the charges were defective

Lawyer Sitpah Selvaratnam earlier told the court that this was the best offer received to date to the reserve price of US$130 million.

KAJ Development Bhd has named the Melaka Port Authority, Loke and the Malaysian government as respondents. 

Application filed to review apex court’s decision to lift the stay

"There will be one to three witnesses to be called on that day after the opening statement is made. The number would depend on how the proceedings go on that day," the source said.

This is following reports that the government has filed a forfeiture action seeking to freeze seven of Hock Peng's bank accounts and recover RM48 million which is believed to be from 1Malaysia Development Bhd.

The money that the government is seeking to freeze and recover is believed to be from 1Malaysia Development Bhd (1MDB).

This is for the seven criminal breach of trust and abuse of power charges against former prime minister Datuk Seri Najib Razak, in relation to the RM42 million SRC International Sdn Bhd’s money that was deposited into his accounts.

Justice Mohd Nazlan Mohd Ghazali fixed 2pm on that day as the beginning of the hearing.