News by THEEDGEMARKETS.COM

Goldman Sachs was the advisor for the issuance of US$6.5 billion in bonds issued by 1MDB for fees of US$600 million.

Its subsidiary received a LoA from Idaman Putrajaya Sdn Bhd to undertake refurbishment works at the Pullman Putrajaya Lakeside Hotel.

MACC chief commissioner Latheefa Koya said the suit was filed under section 56 of the Anti-Money Laundering, Anti-Terrorism Financing and Proceeds of Unlawful Activities Act 2001 (AMLA) at the High Court, which has set four dates for the case, namely June 25 followed by July 10, 24 and 31 this year.

"We will rely more on the documentary evidence which had been admitted by the High Court in the former premier's RM42 million SRC trial, without calling all the witnesses."

She said these funds were disbursed via an AmBank account opened under Najib.

“Winning this independent and esteemed award for two consecutive years is a testimony of our continuous commitment towards improving governance, transparency and disclosure of information to our stakeholders..."

Mazidah, 70, who is the prosecution's 40th witness, said when the paper on SRC was presented to the Cabinet sometime in 2011 or 2012, it was immediately passed and there was no deliberation.

Suboh is said to have left the country and was in Indonesia along with former SRC managing director Nik Faisal Ariff Kamil since 2015, at the height of the authorities' investigation into SRC and 1Malaysia Development Bhd (1MDB) in mid-2015.

This comes in as Domestic Trade and Consumer Affairs Minister Datuk Seri Saifuddin Nasution Ismail told the press that the decision to not increase cement prices was reached on Tuesday.

"I expressed being uncomfortable preparing the memo but it fell on deaf ears. I had previously complained to Maliami on other previous occasion but no action had been taken."