News about ma

  LOS ANGELES (Oct 24): The fugitive Low Taek Jho, or Jho Low's office for his luxury lingerie company is to be sold, as part of forfeiture lawsuits related to recovering money misappropriated from the 1Malaysia Development Bhd (1MDB) investment fund.

KUALA LUMPUR (Oct 24): While Datuk Seri Najib Abdul Razak's defence team sought to question the admissibility of 70 out of 780 documents that had been tendered as evidence in the SRC International Sdn Bhd trial, the prosecution maintained that these should be given due consideration by the High Court here.

KUALA LUMPUR (Oct 24): IGB Real Estate Investment Trust (REIT)’s distributable income for the third quarter ended Sept 30, 2019 (3QFY19) rose 1.

  KUALA LUMPUR (Oct 24): It is the 25th day of Datuk Seri Najib Razak’s 1MDB-Tanore trial, with the defence scheduled to continue the cross-examination of the ninth prosecution witness — former 1MDB chief executive officer Datuk Shahrol Azral Ibrahim Halmi.

KUALA LUMPUR (Oct 23): The defence team in Datuk Seri Najib Razak's SRC International Sdn Bhd graft trial involving RM42 million of the company's funds has argued that the prosecution must first prove that the former prime minister indeed committed the predicate offences — criminal breach of trust (CBT) — in order for the money laundering charges to stand, as the two offences are related.

KUALA LUMPUR (Oct 23): Datuk Seri Najib Abdul Razak's lawyer claimed today that the ex-premier did not file a police report in 2015, when he found out RM42 million from SRC International Sdn Bhd was deposited into his account, because he wanted to avoid being accused of interfering with ongoing investigations.

PETALING JAYA (Oct 23): The Malaysian Employers Federation (MEF) said the government's move to increase the minimum wage in major cities took the organisation by surprise as there was no consultation with the relevant stakeholders.

KUALA LUMPUR (Oct 23): The new corporate liability provision in the Malaysian Anti-Corruption Commission Act 2009 under Section 17A needs to be further defined, so corporate organisations know exactly how to implement the right procedures and prevent corruption, a risk management consultant said yesterday.

KUALA LUMPUR (Oct 23): TDM Bhd announced yesterday that its subsidiary PT Rafi Kamajaya Abadi (PT RKA) has been sanctioned by the Indonesian government and ordered to stop all plantation activities at some 900ha of its plantation area in Kalimantan, which has been burnt recently.

KUALA LUMPUR (Oct 23): The Ministry of Human Resources has told newspaper publisher Utusan Melayu (M) Bhd — which ceased operations on Oct 9 — and its interim liquidator UHY Advisory (KL) Sdn Bhd, to pay its employees their outstanding wages, as well as compensation for a voluntary separation scheme (VSS) that took place last year.