News about SRC International

KUALA LUMPUR (June 1): Datuk Seri Najib Razak's (pictured) defence team tells the court today that an affidavit he submitted in 2016 for another case, in which he admitted that the RM42 million that ended up in his personal accounts came from SRC International Sdn Bhd, should not be considered as an admission of guilt.

KUALA LUMPUR (May 21): Former 1MDB CEO Datuk Shahrol Azral Ibrahim Halmi told the High Court today that he could not comment on whether former prime minister Datuk Seri Najib Abdul Razak was involved in the dealings between the troubled fund and PetroSaudi International Ltd (PSI).

KUALA LUMPUR (May 21): Former 1MDB CEO Datuk Shahrol Azral Ibrahim Halmi shared an anecdote about his "famous nasi goreng" in explaining at the High Court today why he trusted fugitive financier Jho Low.

KUALA LUMPUR (May 21): An internal memo among the board and management of 1Malaysia Development Bhd (1MDB) referred to the repatriation of US$1.

KUALA LUMPUR (May 20): Both the prosecution and defence in former prime minister Datuk Seri Najib Abdul Razak's 1Malaysia Development Bhd-Tanore (1MDB-Tanore) trial appeared frustrated today, as High Court judge Collin Lawrence Sequerah refused their request to have more lawyers during the proceedings.

KUALA LUMPUR (May 20): Former 1Malaysia Development Bhd (1MDB) chief executive officer (CEO) Datuk Shahrol Azral Ibrahim Halmi denied that he swept "everything under the carpet" by changing the external auditor which declined to sign off the accounts.

KUALA LUMPUR (May 19): Former Goldman Sachs Group Inc banker Roger Ng Chong Hwa, who was supposed to return to Malaysia in March in time for his criminal trial involving 1Malaysia Development Bhd (1MDB), is still in the United States as he is facing criminal charges there.

KUALA LUMPUR (May 7): The US has reached a settlement to recover more than US$49 million involving Malaysian sovereign wealth fund 1Malaysia Development Bhd (1MDB), the US Department of Justice (DoJ) said in a Reuters report today.

KUALA LUMPUR (March 13): The 1MDB-Tanore trial is adjourned, pending the COVID-19 test results of lead defence lawyer Tan Sri Muhammad Shafee Abdullah, who today showed the court documentary evidence that he was indeed ordered to go into self-quarantine.

KUALA LUMPUR (March 12): The 1MDB-Tanore trial, which was scheduled to start today after a long hiatus since November, has now been postponed as its lead defence counsel was in proximity to a person who is currently being tested for the COVID-19 virus.