News about MD

KUALA LUMPUR (April 27): The prosecution has failed to establish Datuk Seri Najib Razak's personal interest in SRC International Sdn Bhd and, as such, the charge of abuse of power against the former prime minister should be scrapped, according to the defence.

PUTRAJAYA (April 26): The Ministry of Finance (MoF) said the government will be using RM5 billion from the National Trust Fund (KWAN) for the fight against the Covid-19 pandemic, as well as for the country's immunisation plan, as it had no choice but to do so as its finances are nearing its limit after the 1Malaysia Development Bhd (1MDB) scandal.

KUALA LUMPUR (April 26): A lawyer representing Datuk Seri Khairuddin Abu Hassan, who lodged police reports in Malaysia, the UK, France and Switzerland in relation to 1Malaysia Development Bhd fiasco, and was subsequently detained by the authorities under the Security Offences (Special Measures) Act 2012 (Sosma), told the court that his client owed him RM795,000.

KUALA LUMPUR (April 24): Ekovest Bhd managing director Lim Keng Cheng (pictured) today assured shareholders that he remains active as the group's MD, despite having ceased as a substantial shareholder of the group.

KUALA LUMPUR (April 24): Lim Seong Hai Sdn Bhd (LSH), an investment vehicle of Ekovest Bhd’s managing director Tan Sri Lim Keng Cheng (pictured), has trimmed its stake and ceased to be a substantial shareholder in the construction group.

KUALA LUMPUR (April 23): Former prime minister Datuk Seri Najib Razak’s (pictured) lawyer Tania Scivetti said today the prosecution’s asset forfeiture action against Najib must be dismissed because there is no evidence that the seized properties from his residence along Jalan Langgak Duta were linked to alleged 1Malaysia Development Bhd (1MDB)-related money in his AmBank accounts.

KUALA LUMPUR (April 23): The interim injunction order stopping former UMNO Supreme Council member Datuk Seri Lokman Noor Adam (pictured) from issuing defamatory statements against 1Malaysia Development Bhd (1MDB) lawyer Rosli Dahlan was yesterday extended to June 3.

PUTRAJAYA (April 20): The defence's claim that signatures of former prime minister Datuk Seri Najib Razak (pictured) were forged in several documents related to 1Malaysia Development Bhd's (1MDB) former subsidiary SRC International Sdn Bhd was an afterthought as the issue was never raised during investigations and the prosecution's case, the prosecution argued today.

PUTRAJAYA (April 19): SRC International Sdn Bhd only reported to the Finance Minister according to the command structure of the former subsidiary of 1Malaysia Development Bhd (1MDB) then.

KUALA LUMPUR (April 16): The High Court has fixed May 31 to hear former premier Datuk Seri Najib Razak's application to compel the prosecution to supply documents in relation to his discovery application on Goldman Sachs-related matters and items in his 1Malaysia Development Bhd-Tanore trial.