Rosmah-founded Yayasan Permata agrees to forfeit RM4.9m 1MDB funds
This is the third successful forfeiture made by the MACC.
This is the third successful forfeiture made by the MACC.
The entity will follow the "Mubadala" model — a sovereign wealth fund belonging to UAE in Abu Dhabi.
When 1MDB matters were being highlighted widely, Amhari said Low would come and prepare the answers or direct Azlin to do damage control to reduce the impact of the 1MDB issue.
The rehabilitation project will now involve 265km of KTM Bhd railway tracks instead of 110km as announced earlier.
This includes five letters that Low produced to the PMO to authenticate the dealings of troubled state fund 1MDB when it received flak in 2015,
Amhari called it an unforgettable incident.
Loke said the PSC formula is based on the current operating agreement between the government and MAHB.
"The 500 MW will likely close below 24 sen, pending the technical evaluation, which is a very sharp reduction and good improvement compared to LSS2."
The businessman had personal access to the former prime minister, and would often contact his wife Rosmah.
Najib and Umno are seeking to claim monies while Rosmah and her two children, Nooryana Najwa and Nor Ashman, as well as Global Royalty are seeking to claim jewellery and other accessories.