Nazir Razak investing in durian planter via private share placement

KUALA LUMPUR (Jan 22): PLS Plantations Bhd has proposed to place out 19 million new shares in the durian planter to CIMB Group Holdings Bhd ex-chairman Datuk Seri Nazir Razak (pictured) at 95 sen each under a private placement of up to 10% of the total number of issued shares in the company to improve its public shareholding spread and raise money to finance the expansion of its existing business.

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Trump grants pardon to Jho Low's associate Elliot Broidy

KUALA LUMPUR (Jan 21): US President Donald Trump (pictured) has granted a full pardon to Elliot Broidy, who was convicted last year on a conspiracy to lobby on behalf of fugitive businessman Low Taek Jho or Jho Low, as he is better known, who was described by investigators as the mastermind behind the massive financial fraud at 1Malaysia Development Bhd (1MDB).

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