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Najib put retirees’ savings at risk, Court of Appeal hears
PUTRAJAYA: Datuk Seri Najib Razak had failed to protect pensioners’ savings when a RM4bil loan from the Retirement Fund Inc (KWAP) was given to SRC International Sdn Bhd, a company which he was said to have personal interest in, the Court of Appeal heard.
Najib failed to protect pensioners' savings, court hears
PUTRAJAYA: Datuk Seri Najib Razak had failed to protect pensioners' funds when a RM4bil loan from the Retirement Fund Inc (KWAP) was given to SRC International Sdn Bhd, a company he is said to have a personal interest in, the Court of Appeal heard.
It was theft, lawyer for Najib claims
PUTRAJAYA: The Court of Appeal was told that what had happened to the RM4bil loaned by the Retirement Fund Inc (KWAP) to SRC International Sdn Bhd was a theft and not a misappropriation of funds by former prime minister Datuk Seri Najib Razak.
RM4bil loaned by KWAP to SRC was stolen by other individuals, appeals court told
PUTRAJAYA: The RM4bil loaned by the Retirement Fund Inc (KWAP) to SRC International Sdn Bhd and moved out of the company was a theft committed by other individuals, the Court of Appeal here was told.
Only Jho Low knew why funds were transferred, court told
PUTRAJAYA: Nobody knew why funds from SRC International Sdn Bhd were channelled into the bank accounts of Datuk Seri Najib Razak except for fugitive businessman Low Taek Jho, a figure central to the 1Malaysia Development Bhd scandal, the Court of Appeal heard.
Only Jho Low knows why SRC funds transferred to Najib's accounts, court told
PUTRAJAYA: Nobody knows why the funds from SRC International Sdn Bhd were channelled into the bank accounts of former prime minister Datuk Seri Najib Razak except for fugitive businessman Low Taek Jho, a figure central to the 1Malaysia Development Bhd (1MBD) scandal, the Court of Appeal heard.
Share placement to boost AMMB’s capital buffers
PETALING JAYA: AMMB Holdings Bhd’s proposed private placement exercise is expected to partially replenish the group’s common equity tier-1 (CET 1) ratio to 11.7%, according to S&P Global Ratings (S&P).
Prosecution failed to establish Najib's dominion over stolen SRC funds, court told
PUTRAJAYA: The prosecution in Datuk Seri Najib Razak's corruption trial involving RM42mil from SRC International Sdn Bhd failed to establish the former prime minister's dominion over the stolen funds, the Court of Appeal heard.
‘Judge lacked experience’
PUTRAJAYA: The Court of Appeal was told that a judge who lacked experience in criminal cases had presided over the “case of the century” involving former prime minister Datuk Seri Najib Razak, who was convicted of the misappropriation of RM42mil from SRC International Sdn Bhd.
AMMB’s private placement a welcomed move
PETALING JAYA: While it came as a surprise to many, AMMB Holdings Bhd’s proposed private placement has been mostly well received by analysts as a measure to strengthen the group’s capital position.
