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Tuesday, September 3, 2019

NAJIB 1MDB TRIAL - Day 3: Prosecution to resume examining CCM official


The criminal trial of former prime minister Najib Abdul Razak involving the alleged abuse of power and laundering of 1MDB funds enters its third day at the High Court in Kuala Lumpur.
Malaysiakini brings you live reports of the proceedings.

Summary of Najib’s 1MDB ‘donation’ case

Najib is facing 25 charges of receiving RM2.28b, which originated from 1MDB through Tanore Finance Corp, a company owned by Eric Tan, a close associate of fugitive businessperson Jho Low.

An eighth prosecution witness from the Prime Minister’s Office (PMO) may take the witness stand today.
This would be possible if the seventh witness, Companies Commission of Malaysia (CCM) assistant registrar Rafidah Yahaya manages to wrap up her testimony after the proceedings resume. 
The hearing will begin around 9.30am before High Court judge Collin Lawrence Sequerah.
The prosecution is expected to resume its examination-in-chief of Rafidah in relation to documents related to 1MDB's directorship and shareholdings, as well as name changes involving the state fund's subsidiaries, including Powertek Investment Holdings Sdn Bhd, Powertek Energy Sdn Bhd and Mastika Lagenda Sdn Bhd.
In the event the prosecution finishes its examination-in-chief, Rafidah will then be cross-examined by Najib’s defence team, before she is either re-examined by the prosecution or released from the witness stand.
Last week, Rafidah’s testimony confirmed a trove of company documents on the directorships of these 1MDB subsidiaries.
Among the names mentioned in the documents included SRC International Sdn Bhd’s former CEO Nik Faisal Ariff Kamil; Wan Ahmad Shihab Ismail Wan Ismail, who was then special officer to Najib; and former 1MDB CEO Arul Kanda Kandasamy.
[More to follow] - Mkini

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