Zeti said PNB is regulated by the Securities Commission Malaysia and, as such, adopts a very strict, rigorous and robust governance process.
1MDB-Tanore trial: Shafee cites Sri Ram's judgements in hearsay application against ex-1MDB CEO's witness statement
In his attempt to have Sharol's testimony dismissed, one of the cases which Shafee referred to was how the Federal Court allowed an appeal in the Alcontara Ambrose Anthony v PP (1996) case, partly because the initial judgement relied on hearsay evidence.
Sharol, who is the prosecution's ninth witness, provided the court yesterday with some examples of incidences that led him to believe Low, also known as Jho Low, had a strong rapport with the former premier.
The deadline was about a month after TIA issued a letter outlining the key terms of the IMTN programme, dated April 26, 2009.
The initiative will be led by it’s Malaysian subsidiary CPCG Holdings Sdn Bhd, which had inked a MoU with Terengganu Jiangsu Trade Organisation.
Justice Mohd Nazlan ruled that the reasons stated by the prosecution, led by former Federal Court judge Datuk Seri Gopal Sri Ram, to delay the trial were truly unnecessary and unjustified, as there are other deputy public prosecutors who can handle Mohd Isa's graft case.
Shahrol, the ninth prosecution witness who is expected to provide vital evidence and testimony in the 1MDB-Tanore trial against Najib, said he saw how Jho Low had demonstrated several times that he had easy access to the sixth prime minister and was "looking after Najib's interests from the start".
Riza's application to transfer his case involving the money laundering charges to the High Court was dismissed by Justice Mohd Nazlan Mohd Ghazali, who ruled that the Sessions Court is more than competent to handle Riza's case.
Although he did not specifically mention which projects were mentioned in the document, it is understood that it would refer to the China government-backed projects including the East Coast Rail Link (ECRL) project, and the Trans-Sabah Gas Pipeline and Multi-Product Pipeline projects.
Shahrol, who would be the prosecution's ninth witness, is expected to testify of Najib's close relationship with Jho Low and the formation of TIA and 1MDB.