News about MD

KUALA LUMPUR (April 3): Fugitive businessman Low Taek Jho, also known as Jho Low, says in a statement via his lawyers today that the Malaysian government has shown it is "prepared to trash the value" of the Equanimity super yacht in a misguided attack on its political opponents.

KUALA LUMPUR (April 3): Finance Minister Lim Guan Eng said today the amount of money and effort to maintain and service superyacht Equanimity is "very taxing" because the government incurred some RM14.

  KUALA LUMPUR (April 3): The acquisition of the Equanimity superyacht will provide Genting Malaysia Bhd (GenM) with a competitive edge, according to the group.

  PUTRAJAYA (April 3): The court yesterday fixed tomorrow to hear former prime minister Datuk Seri Najib Razak’s review application on the apex court’s decision to lift the stay on his SRC International Sdn Bhd trial.

KUALA LUMPUR (April 2): The government is not in position to decide on whether former prime minister Datuk Seri Najib Razak’s SRC International Sdn Bhd trial should be telecast live, said Deputy Minister in the Prime Minister’s Department Mohamed Hanipa Maidin.

  KUALA LUMPUR (April 2): Lawyers of former premier Datuk Seri Najib Razak yesterday filed an application to review the Federal Court’s decision to lift the stay on the trial of the RM42 million SRC International Sdn Bhd case, in which he is facing abuse of power and money laundering charges.

  KUALA LUMPUR (April 2): A tax consultant contacted by The Edge Financial Daily is of the opinion that the burden of proof lies with Datuk Seri Najib Razak to prove that the billions of ringgit in his account were actually political donations.

PUTRAJAYA (April 1): Yesterday was the deadline to dispose of Equanimity, but the premier yacht looks set to dock in our waters till the next deadline.

  KUALA LUMPUR (March 29): Low Taek Jho, or better known as Jho Low, through a spokesman from his legal team, said the latest move by the government to freeze his father Tan Sri Larry Low Hock Peng's seven bank accounts shows that Prime Minister Tun Dr Mahathir Mohamad's "regime" is harassing his opponents.

  KUALA LUMPUR (March 29): The government today filed a civil forfeiture action against Penang businessman Tan Sri Larry Low Hock Peng to freeze seven of his banking accounts here, said to be worth RM48 million.