1MDB-Tanore trial adjourned early as Shahrol unwell
KUALA LUMPUR (Nov 11): The 1MDB-Tanore trial was cut short today as prosecution witness Datuk Shahrol Azral Ibrahim Halmi was unwell as he was down with the flu.
Najib's legal team to file contempt charges against individuals over comments relating to SRC trial
KUALA LUMPUR (Nov 11): Datuk Seri Najib Abdul Razak's legal team plans to file contempt charges against a politician, journalist and newspaper in relation to comments made on the former premier's SRC International Sdn Bhd trial.
Najib was SRC shadow director and had enormous influence, judge says
KUALA LUMPUR (Nov 11): High Court Judge Mohd Nazlan Mohd Ghazali said today that based on totality of evidence, it can be construed that Datuk Seri Najib Abdul Razak was a shadow director of SRC International Sdn Bhd and that it was on Najib's directive a sum of RM1.
High Court orders Najib to enter defence in SRC case
KUALA LUMPUR (Nov 11): Once Malaysia's highest ranking politician, Datuk Seri Najib Abdul Razak has today been ordered by the High Court to enter his defence for the three criminal breach of trust, an abuse of power and three money laundering charges involving RM42 million of SRC International Sdn Bhd funds.
RM2b loan from KWAP would not have been approved without Najib, says judge
KUALA LUMPUR (Nov 11): Justice Mohd Nazlan Ghazali said Retirement Fund Incorporated's (KWAP) RM2 billion loan to SRC International Sdn Bhd would not have been approved without the government guarantees and early disbursement of the loan would not have been done if the accused was not PM or Finance Minister at the time.
Shahrol: KPMG and Deloitte did not raise any issues on PSI's credibility
KUALA LUMPUR (Nov 8): The auditors of 1Malaysia Development Bhd (1MDB) namely KPMG and Deloitte did not raise any substantial issues on the credibility of PetroSaudi International Ltd (PSI) to the board of directors, said former 1MDB chief executive officer Datuk Shahrol Azral Ibrahim Halmi.
Shahrol: I didn’t suspect anything amiss over transfer of 1MDB money to Jho Low's firm
KUALA LUMPUR (Nov 8): 1Malaysia Development Bhd (1MDB) did not suspect anything amiss when transferring US$330 million meant for PetroSaudi International Ltd (PSI) into the account of Good Star Ltd in 2011, despite its earlier experiences with Good Star in 2009, the High Court was told yesterday.
Najib’s defence argues PSI tried to trick him into expediting US$1b funding
KUALA LUMPUR (Nov 7): The defence in Datuk Seri Najib Abdul Razak’s 1Malaysia Development Bhd-Tanore (1MDB-Tanore) trial has argued that there may have been a conspiracy by PetroSaudi International Ltd (PSI) executives Tarek Obaid and Patrick Mahony to ensure that the former Prime Minister would expedite the release of US$1 billion to their company.
1MDB-Tanore Trial Day 32: Najib to attend to another 1MDB case first thing this morning
KUALA LUMPUR (Nov 7): Former premier Datuk Seri Najib Abdul Razak will have to attend to another case involving 1Malaysia Development Bhd (1MDB) this morning before appearing for his 1MDB-Tanore trial, which will be entering its 32nd day.
1MDB-Tanore Trial Day 31: Court failed to follow longer trial hours on first day of implementation
KUALA LUMPUR (Nov 6): The 1Malaysia Development Bhd-Tanore (1MDB-Tanore) trial yesterday ended early at 4:50pm, instead of the originally scheduled 6pm, as lead defence counsel Tan Sri Muhammad Shafee Abdullah requested to leave earlier to attend the Sultan Azlan Shah law lecture.
