Representations from three entities accepted by prosecution in MACC forfeiture case

KUALA LUMPUR (Aug 23): The High Court here has today been informed that the prosecution has accepted the representation from Yayasan Rahah, Naza Quest Sdn Bhd and Ibrahim Awang Ismail in a civil forfeiture suit filed by the Malaysian Anti-Corruption Commission against 41 entities to recover approximately RM270 million of funds allegedly sourced from 1Malaysia Development Bhd (1MDB).

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Witness rejects defence's claim that Najib was duped

KUALA LUMPUR (Aug 23): Malaysian Anti-Corruption Commission (MACC) investigating officer and Senior Assistant Commissioner Rosli Hussain dismissed claims that runaway businessman Low Taek Jho was solely responsible for the embezzlement activities in SRC International Sdn Bhd.

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Paramount chairman's son joins its board

KUALA LUMPUR (Aug 23): Paramount Corp Bhd, which reported a lower second-quarter (2Q) net profit yesterday following the absence of a disposal gain, announced that Benjamin Teo Jong Hian, the son of chairman and executive director Datuk Teo Chiang Quan, has joined the group’s board of directors as an executive director.

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