KUALA LUMPUR: Former chief executive officer of 1Malaysia Development Berhad (1MDB), Arul Kanda Kandasamy told the High Court here on Tuesday (Jan 14) that he had no personal knowledge that monies from the company’s funds were used to buy jewellery worth US$1.3mil for Datin Seri Rosmah Mansor. Arul Kanda said this when 1MDB’s counsel Raphael Kok...
PUTRAJAYA: Despite his extensive experience in governance and quality education, Datuk Seri Najib Tun Razak admitted in the High Court that he made decisions on government-related measures with full awareness but sometimes miscalculated the impact. The 71-year-old former prime minister said mistakes could happen if a matter was misrepresented, or he was misinformed or misled. Najib, who...
KUALA LUMPUR: Datuk Seri Najib Razak told the High Court that his action in returning US$620mil of unutilised Saudi donation to Tanore Finance Corp reflected his innocence and yet he was hit with five charges under the Anti-Money Laundering Act. The former prime minister testified that he decided to return the balance of the funds that...
KUALA LUMPUR: It was an informal afternoon tea onboard a yacht, not a meeting to plot siphoning billions from 1Malaysia Development Bhd (1MDB), the High Court heard. Datuk Seri Najib Razak, on the stand, shared details of his private family vacation in Southern France in 2009, where he and his family were invited for high tea...
KUALA LUMPUR: Funds raised from a US$3bil bond issuance purportedly for the development of The Exchange TRX had ultimately been diverted into former Prime Minister Datuk Seri Najib Tun Razak’s bank account, says the judge hearing the 1MDB case. Justice Collin Lawrence Sequerah (now Court of Appeal judge) who heard Najib’s 1MDB case said that the...
KUALA LUMPUR: Fugitive financier Low Taek Jho and Riza Shahriz Abdul Aziz, the stepson of Datuk Seri Najib Razak, were good friends who went on ski trips together, the High Court heard. Jasmine Loo, a former general counsel of 1Malaysia Development Bhd (1MDB), testified that she had first met Riza Shahriz on a ski trip with...
PUTRAJAYA: Datuk Seri Anwar Ibrahim welcomes Datuk Seri Najib Razak’s apology over the 1Malaysia Development Berhad (1MDB) scandal. “Terima baik (well-received),” said the Prime Minister briefly when asked about the former premier's apology by reporters after Friday prayers at Surau Ar-Rahman at Presint 16 in Putrajaya on Friday (Oct 25). On Thursday (Oct 24), Najib apologised to...
KUALA LUMPUR: Former 1Malaysia Development Bhd (1MDB) chairman Tan Sri Mohd Irwan Serigar Abdullah has failed in his bid to include six other individuals as third parties in the US$6.59bil (RM28.5bil) lawsuit filed against him by 1MDB. High Court Commissioner Raja Ahmad Mohzanuddin Shah Raja Mohzan granted the application of the six individuals to dismiss the...
KUALA LUMPUR: The idea to federalise the Terengganu Investment Authority (TIA) in order to salvage it from its internal strife did not come from Datuk Seri Najib Razak, the High Court was told on Thursday (Aug 22). Instead, it was the then TIA CEO Datuk Shahrol Azral Ibrahim Halmi who was "very eager" about the federalisation...
KUALA LUMPUR: There has never been evidence that showed former prime minister Datuk Seri Najib Razak was at AmIslamic Bank Bhd to commit the crime he is accused of, the High Court here was told. Najib’s lead counsel Tan Sri Muhammad Shafee Abdullah submitted that the prosecution never showed evidence that the former Pekan MP was...
