KUALA LUMPUR (Aug 17): The 1Malaysia Development Bhd (1MDB)-Tanore trial continues today with its former CEO Datuk Shahrol Azral Ibrahim Halmi (pictured) still in the witness stand which he took to late last year.
The Covid-19 pandemic almost paralysed Malaysia during the Movement Control Order (MCO) lockdown period for six weeks from March 18, but business owners are optimistic that the market is gradually resuming its pace especially in the current Recovery MCO.
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KUALA LUMPUR (Aug 6): Datin Sri Rosmah Mansor’s (pictured) solar graft trial has been vacated today after one of her lawyers, Azrul Zulkifli Stork, reported he is not feeling well to the High Court.
KUALA LUMPUR (Aug 5): The 17th prosecution witness in Datin Seri Rosmah Mansor’s (pictured) solar graft trial testified that until today, Jepak Holdings Sdn Bhd has not received a receipt acknowledging the “political contribution” of RM6.
KUALA LUMPUR (Aug 5): The High Court here had today fixed Aug 17, 2020 to deliver its decision on Datin Seri Rosmah Mansor's (pictured) application to bar former Federal Court judge Datuk Seri Gopal Sri Ram from prosecuting her in her graft trial.
KUALA LUMPUR (Aug 3): Fresh from his conviction in the SRC trial last week, former prime minister Datuk Seri Najib Razak returns to the High Court today for the 1Malaysia Development Bhd (1MDB)-Tanore trial for the first time as a convicted felon.
KUALA LUMPUR (July 29): Copper wire and rod maker Ta Win Holdings Bhd has teamed up with a Terengganu strategic investment agency to jointly develop an industrial park at a gross development cost of RM2.
KUALA LUMPUR (July 29): Hap Seng Consolidated Bhd is developing its first flagship industrial park which will be completed in the first quarter of 2021.
The case of SRC funds totalling RM42 million Total number of charges: 7 3 counts of criminal breach of trust Offence: Section 409 of the Penal Code Penalty: Maximum 20 years’ jail + whipping + a fine 1 count of abuse of power Offence: Section 23(1) of MACC Act 2009 (punishable under Section 24 of the same act) Penalty: Maximum 20 years’ jail + a fine of not less than five times the amount of the bribe, or RM10,000, whichever is higher 3 counts of money laundering Offence: Section 4(1)(b) of AMLATFPUAA 2001 Penalty: Maximum 15 years’ jail + a fine of RM5 million, or five times the amount, whichever is higher, for each charge ALL eyes will be on the Kuala Lumpur High Court (Criminal 3) on Tuesday, when former prime minister Datuk Seri Najib Razak learns whether he will be acquitted of all seven charges against him in relation to RM42 million belonging to SRC International Sdn Bhd or whether the court will find him guilty of several, if not all, of the charges.
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