News about MD

PUTRAJAYA (Aug 7): Former federal court judge Datuk Seri Gopal Sri Ram (pictured) will continue to lead the prosecution as senior deputy public prosecutor (DPP) in ex-prime minister Datuk Seri Najib Razak's trial on the alleged laundering of RM2.

KUALA LUMPUR (Aug 6): Former second finance minister Datuk Seri Ahmad Husni Hanadzlah (pictured) today described former premier Datuk Seri Najib Razak as an autocratic person in his dealings with 1Malaysia Development Bhd (1MDB) and former 1MDB subsidiary SRC International Sdn Bhd.

KUALA LUMPUR (Aug 6): Tan Sri Muhammad Shafee Abdullah, the lead counsel for Datuk Seri Najib Razak in the SRC International Sdn Bhd trial, expressed frustration with former Minister of Finance II Datuk Seri Ahmad Husni Mohamad Hanadzlah's testimony today.

KUALA LUMPUR (Aug 6): Yayasan Penyelidikan Transformasi and K&Z Enterprise Sdn Bhd indicated to the High Court here today that they will not object to the gazette of third-party notice for forfeiture sought by the Malaysian Anti-Corruption Commission (MACC) over assets purportedly from 1Malaysia Development Bhd (1MDB).

KUALA LUMPUR (Aug 6): Fugitive businessman Low Taek Jho (Jho Low) ordered RM40 million of SRC International Sdn Bhd funds to be channelled into former premier Datuk Seri Najib Razak’s AmBank accounts in the final week of December 2014 to ensure funds advanced by two Putrajaya Perdana Bhd units could be returned.

PETALING JAYA (Aug 5): Kylie Jenner (of the Kardashians) has booked the superyacht Equanimity (recently renamed Tranquility) to celebrate her 22nd birthday.

PUTRAJAYA (Aug 5): The Court of Appeal today dismissed an application by both the prosecution and defence to postpone Datuk Seri Najib Razak's 1Malaysia Development Bhd (1MDB) or the Tanore trial, which is scheduled to begin on Aug 19.

KUALA LUMPUR (Aug 2): A transfer of RM27 million of SRC International Sdn Bhd funds — code-named “Eagle 27” — into former premier  Datuk Seri Najib Razak’s 880 account was misrepresented by fugitive businessman Low Taek Jho (Jho Low) as a donation from royalty, when it had actually originated from SRC International Sdn Bhd’s account.

KUALA LUMPUR (Aug 2): The Malaysian Anti-Corruption Commission (MACC) has rejected a settlement offer by one of the 41 respondents in its civil forfeiture suit to claim RM265.

KUALA LUMPUR (Aug 1): There was an attempt to move RM139 million discreetly out of SRC International Sdn Bhd — the company central to the ongoing corruption trial involving former prime minister Datuk Seri Najib Razak — in July 2014, the High Court was told today.