Tan Sri Mohd Irwan Serigar Abdullah is pictured at the Kuala Lumpur High Court October 25, 2018. — Picture by Miera Zulyana
Irwan Serigar was here for their joint criminal breach of trust case over RM6.64 billion of government funds that was up for mention today, with lawyers set to ask for new trial dates. Trial dates for Najib and Irwan were previously fixed for 28 days from July 8 until August 22, excluding Fridays.
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Najib’s SRC trial: Witness insists KWAP investment guidelines breached despite waiver for RM2b loan | Malay MailKUALA LUMPUR, May 7 — The investment guidelines for the Retirement Fund Incorporated (KWAP) were breached when it decided to give the first loan of RM2 billion to then 1MDB subsidiary SRC International Sdn Bhd in 2011, the High Court heard today in the trial of former prime minister Datuk...
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Najib’s SRC trial: Witness agrees Putrajaya’s word sole selling point for KWAP’s loan | Malay MailKUALA LUMPUR, May 7 — Putrajaya’s guarantee of a second RM2 billion loan that SRC International Sdn Bhd wanted to borrow from Retirement Fund Incorporated (KWAP) was the single selling point behind the civil servants’ pension fund’s eventual decision to approve the 2012 loan, the High Court... It's more of Najib's word! What Putrajaya? Yet the loan was approved.
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Najib’s SRC trial: KWAP breached its investment policy on initial RM2b loans | Malay MailKUALA LUMPUR, May 6 — The Retirement Fund Incorporated (KWAP) breached its Investment Policy and Guidelines (IPG) when it approved a loan of RM2 billion to 1Malaysia Development Berhad’s (1MDB) wholly-owned subsidiary, SRC International Sdn Bhd in 2011, the High Court was told today at Datuk...
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SRC trial: Bank officer confirms RM42m from Ihsan Perdana deposited into Najib’s account | Malay MailKUALA LUMPUR, May 6 — Yayasan 1Malaysia Development Berhad’s corporate social responsibility programmes provider, Ihsan Perdana Sdn Bhd, transferred RM42 million into the personal accounts of Datuk Seri Najib Razak between December 2014 and February 2015, the High Court heard today. Affin Bank... 🤑🤑🤑 Pencuri.. Pencuri
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SRC trial: AmBank punished for not flagging dodgy transactions in Najib’s accounts | Malay MailKUALA LUMPUR, May 8 — AmBank was previously penalised by Bank Negara Malaysia (BNM) over its failure to report suspicious transactions in Datuk Seri Najib Razak’s accounts from the time these were opened until they were closed, the High Court was told today. The prosecution’s fourth witness,... Ambank was fined RM50M by BNM long after the horse had bolted & only after ST S'pore exposed DeutscheBank threat to foreclose. It was a face-saving 'deal' by Yeti who should answer for BNM oversight negligence. Y was AMMB MD not charged in court for conspiring with NajibRazak? They should revoked their licence instead And what fine or sanctions did the brader's bank pay or suffer when it was exposed they and the brader were doing 'dobi' duties for the NajibRazak
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SRC can’t use retirement fund’s RM4b loans for CSR, witness says in Najib’s trial | Malay MailKUALA LUMPUR, May 6 — SRC International Sdn Bhd was not allowed to use the RM4 billion borrowed from civil servants’ pension fund KWAP for corporate social responsibility programmes as it would breach the loan agreements, the High Court heard today. Former KWAP employee Amirul Imran Ahmat, 39,...
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Najib received special payment of RM1m in May 2018, SRC International trial told | Malay MailKUALA LUMPUR, May 2 — The High Court today heard that former prime minister Datuk Seri Najib Razak received a special payment of RM1 million in May 2018 on account of him being a government administrator. Deputy Chief Accountant (Management) in the Prime Minister’s Department Zarina Yusuf, 49,...
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Najib’s trial: Witness concedes unknown if SRC used KWAP loans for CSR | Malay MailKUALA LUMPUR, May 8 — A witness in Datuk Seri Najib Razak’s ongoing trial today conceded that he did not personally know if SRC International Sdn Bhd had used money borrow from civil servants’ pension fund Retirement Fund Incorporated (KWAP) for corporate social responsibility (CSR)...
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Najib trial: KWAP asked to release RM2b to SRC before govt guarantee given | Malay MailKUALA LUMPUR, May 6 — The Finance Ministry had asked civil servants’ pension fund KWAP to release the second batch of RM2 billion to SRC International Sdn Bhd before the fund received a government guarantee for the 2012 loan, the High Court heard today. Former KWAP official Amirul Imran Ahmat,...
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Ex-Sabah DCM, tipped as Gerakan pick for Sandakan poll, to join Warisan today | Malay MailKOTA KINABALU, May 3 ― Former state deputy chief minister Datuk Raymond Tan Shu Kiah is expected to join Parti Warisan Sabah later today. The ex-Tanjung Papat assemblyman was among Gerakan’s candidates speculated to contest in the Sandakan by election but plans fell through when he quit...
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