News about Najib

KUALA LUMPUR (Oct 17): The transfer of decision-making power from the federal government to the prime minister in 1Malaysia Development Bhd (1MDB) was made by the board at the advise of Low Taek Jho, said 1MDB’s former chief executive officer Datuk Shahrol Azral Ibrahim Halmi.

KUALA LUMPUR (Oct 17): The cross-examination of former 1Malaysia Development Bhd (1MDB) chief executive officer Datuk Shahrol Azral Ibrahim Halmi is expected to turn a new page today, going into the second phase of 1MDB’s dealings with PetroSaudi International Ltd (PSI) in 2010-2011.

KUALA LUMPUR (Oct 16): The High Court here was told that former prime minister Datuk Seri Najib Razak asked Felda Investment Corp Sdn Bhd (FIC) to reconsider the purchase of the Merdeka Palace Hotel & Suites in Kuching, Sarawak, after FIC rejected the proposal twice, because the asset was overpriced.

KUALA LUMPUR (Oct 16): 1MDB chief executive officer Datuk Shahrol Azral Ibrahim Halmi admitted to inking a joint venture (JV) agreement between 1MDB and an impostor JV partner in 2009, despite noticing the inconsistencies in the name, on the advice of fellow 1MDB director Casey Tang.

KUALA LUMPUR (Oct 16): The prosecution team in the 1MDB audit report tampering trial involving Datuk Seri Najib Abdul Razak and former 1MDB chief executive officer Arul Kanda Kandasamy is preparing over 40 witnesses for the case, the High Court was told today.

KUALA LUMPUR (Oct 16): What sort of due diligence did 1Malaysia Development Bhd (1MDB) perform on PetroSaudi International Ltd (PSI) before spending US$1 billion on a joint venture (JV) with the Saudi-based company? An oral one, said former 1MDB chief executive officer Datuk Shahrol Azral Ibrahim Halmi.

KUALA LUMPUR (Oct 16): The 1MDB-Tanore trial of Datuk Seri Najib Abdul Razak is scheduled to begin at 9.

KUALA LUMPUR (Oct 15): Opposition lawmakers today lauded government backbencher Nik Nazmi Nik Ahmad for urging the government to revive the Mass Rapid Transit Line 3 (MRT3).

KUALA LUMPUR (Oct 15): Former premier Datuk Seri Najib Abdul Razak has called on the government to move the Public Accounts Committee (PAC) to investigate Finance Minister Lim Guan Eng’s claim that the current government inherited some RM150 billion in 1Malaysia Development Bhd (1MDB)-related public debt from the previous government.

PUTRAJAYA (Oct 15): Former premier Datuk Seri Najib Razak and lawyer Tan Sri Muhammad Shafee Abdullah were allowed to continue to challenge the appointment of senior Deputy Public Prosecutor Datuk Seri Gopal Sri Ram as prosecutor in their cases at the High Court.