KUALA LUMPUR: Datin Seri Rosmah Mansor is seeking to recuse a High Court judge from hearing a US$346mil lawsuit filed against her by 1Malaysia Development Bhd (1MDB) due to an alleged conflict of interest. The application was filed through Messrs Reza Rahim & Rajivan on Wednesday (June 26). In the application, Rosmah sought Justice Adlin Abdul Majid,...
KUALA LUMPUR: A former Navy cadet officer told the Sessions Court here that the late J. Soosaimanicckam was targeted by officers during his training at KD Sultan Idris Navy Base, Lumut. Abdul Muiz Ramli, 31, a quality engineer, testified that when Soosaimanicckam struggled with the exercises, he was frequently isolated by trainers. "I believe the officers targeted...
PETALING JAYA: The legal suit against the Kelana Jaya LRT owner and operator filed by a victim of the 2021 LRT collision should be settled out of court instead of being prolonged, says Datuk Seri Dr Wee Ka Siong (pic). The former transport minister during the May 24, 2021 incident urged the government to speedily compensate...
KUALA LUMPUR: Tun Dr Mahathir Mohamad and two others have successfully struck out a lawsuit by business tycoon Tan Sri Halim Saad over losses allegedly suffered during the government's takeover of United Engineers Malaysia (UEM) Bhd and Renong Bhd in 2001. High Court judge Judicial Commissioner Dr Suzana Muhamad Said had allowed the striking out application...
The Blockchain Association and the Crypto Freedom Alliance of Texas have taken legal action against the U.S. SEC. The two groups contend that the SEC is instituting a new rule, adopted in February, that would negatively impact the crypto industry. The SEC’s rule extends federal securities laws to market participants with significant liquidity-providing roles, encompassing cryptocurrency transactions. The complaint,...
Ripple Labs rejected the U.S. SEC’s request to recover $2 billion from the company for institutional sales of XRP tokens. Ripple’s lawsuit states that the amount involved is much smaller and that the agency is trying to intimidate players in the digital asset market. The company filed a motion to dismiss the SEC‘s lawsuit alleging $2 billion. Last month,...
Google has initiated a lawsuit against a group of individuals accused of orchestrating a vast cryptocurrency scam that impacted over 100,000 users globally. The lawsuit, filed today, targets the alleged fraudulent distribution of investment and crypto exchange applications through the Google Play Store. Google says it’s the first tech company to take action against crypto scammers, aiming to...
KUALA LUMPUR: Some US$120mil of the loan from Retirement Fund Inc (KWAP) to SRC International Sdn Bhd landed in Datuk Seri Najib Razak's bank account between 2011 and 2012, the High Court here was told. Offshore asset recovery specialist Angela Barkhouse testified that the money entered Najib's personal AmBank account through three transactions from a company...
KUALA LUMPUR: A subsidiary of 1Malaysia Development Bhd (1MDB), SRC International Sdn Bhd, was a victim of a large-scale, multi-jurisdictional fraud orchestrated by Datuk Seri Najib Razak, the High Court heard. SRC’s lawyer Datuk Lim Chee Wee said that instead of serving the rakyat, the company became a vehicle manipulated by the former premier to procure...
KUALA LUMPUR: Former president and chief executive officer of 1Malaysia Development Berhad (1MDB), Arul Kanda Kandasamy (pic), has filed a counterclaim of RM56.7mil for alleged wrongful termination of his contract. Arul Kanda, as the first defendant in a lawsuit brought by 1MDB, filed the counterclaim in the High Court here on Nov 17 through Messrs Sanjay Mohan. Based...
