Geneva (AFP): Lawyers for two men accused of embezzling US$1.8bil (RM8.61bil) from the Malaysian sovereign wealth fund 1MDB began laying out their case Thursday (April 18) after Swiss state prosecutors sought hefty jail terms. PetroSaudi chief executive Tarek Obaid, and Patrick Mahony, a director at the Saudi oil exploration and production company, are on trial at...
KLANG VALLEY: Rush hour commuters here faced unexpected delays as flash floods hit the region following heavy rain that started around 6pm on Thursday (April 18), causing traffic jams across major roadways. Vehicles were bumper-to-bumper in affected areas, including Kepong and KL City. According to Astro Traffic, an accident near Jalan Gasing has also been reported in...
MELAKA: Two bank officers have been arrested by the Malaysian Anti-Corruption Commission (MACC) for allegedly soliciting bribes totalling RM316,064 from several law firms here. The two are aged 35 and 43 and were detained when they turned up at the MACC office in Alai here on Wednesday evening (April 17) to have their statements recorded. The two...
KOTA KINABALU: The pistol that caused the death of Lahad Datu OCPD's teenage daughter was kept in a locked cupboard, say Sabah police. Sabah Police Commissioner Datuk Jauteh Dikun said that based on their investigations there was no negligence in terms of the firearm's storage. Jauteh said that police investigations looked at aspects of negligence in terms...
Geneva (AFP): Lawyers for two men accused of embezzling US$1.8bil (RM8.61bil) from the Malaysian sovereign wealth fund 1MDB began laying out their case Thursday (April 18) after Swiss state prosecutors sought hefty jail terms. PetroSaudi chief executive Tarek Obaid, and Patrick Mahony, a director at the Saudi oil exploration and production company, are on trial at...
COPENHAGEN (Reuters) - Art conservators are assessing the damage to centuries-old paintings recovered from a blaze that destroyed Copenhagen's Old Stock Exchange this week, the National Museum of Denmark said on Thursday. As the blaze ripped through the 400-year-old Copenhagen landmark on Tuesday, passersby jumped off their bicycles to help firefighters, conservators and soldiers retrieve valuable...
KUALA LUMPUR: Bursa Malaysia snapped four consecutive days of losses to end higher today as bargain hunting emerged following the recent sell-off, said an analyst. At 5 pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) rose 5.42 points, or 0.35 per cent, to 1,540.42 from Tuesday’s close of 1,535.0. The benchmark index, which opened 0.05 of-a-point firmer...
KUALA LUMPUR: The ringgit closed firmer against the US dollar on Wednesday as it staged a technical rebound after three days of losses, said an analyst. At 6 pm, the ringgit improved to 4.7910/7950 against the greenback from Tuesday’s closing of 4.7945/7970. Bank Muamalat Malaysia Bhd chief economist Mohd Afzanizam Abdul Rashid noted that the local currency...
KUALA LUMPUR: Heitech Padu Bhd has proposed a private placement of 10.12 million new ordinary shares, raising gross proceeds of RM22.98 million, which will be utilised for working capital. The issuance of new ordinary shares is representing 10 per cent of the total number of issued shares of the company and the placement shares will be placed to...
PETALING JAYA: The death of Tan Sri Joseph Kurup is a great loss to the people, says Datuk Seri Dr Seri Wee Ka Siong. "My heartfelt condolences to the family members of Tan Sri Joseph Kurup, a prominent figure to the people of Sabah, who was also the former president of Parti Bersatu Rakyat Sabah (PBRS). His...
