News by theedgemarkets.com

The trial dates set from Jan 6 to Jan 9, and Jan 13 to Jan 16 by Rozina, will go on as planned.  

Lim said the RM94.1 billion increase in direct debt had financed development expenditure, fiscal deficit and debt repayments, which include 1MDB borrowings.

Styl Associates has noted that the group had incurred a net loss of RM20.89 million for the financial year ended July 31, 2019, and had at that point of time not complied with the repayment terms of its bank borrowings.

The group said it is buying the land for RM60.96 million from a company owned by Kumpulan Prasarana Rakyat Johor Sdn Bhd, Khazanah Nasional Bhd and Employees Provident Fund Board (EPF).

In its filing with Bursa Malaysia today LFE said the contract tenure spans 26 months from Sept 23, 2019 to Nov 22, 2021.

Datuk Hariharan Singh, the lawyer acting for Umno, also argued that the money claimed by the MACC has already been used up.

Judge Azimah Omar said she will give her decision next year after hearing submissions by developer Synergy Promenade Sdn Bhd and the defendant FIC, today.

“My guess (for the PDP agreement to be signed) is next few weeks,” he said.

He was reading out his witness statement in the High Court yesterday, where he also refuted earlier testimonies saying that he would give directions to the board through SRC’s former chief executive officer and managing director Nik Faisal Ariff Kamil, who was the sole link between the two parties.

The Taiping High Court will set the date and reserve price for the auction.