News by theedgemarkets.com

He made the plea today before Sessions Court judge Azura Alwi, who had set bail at RM350,000 with the accused to surrender his passport to the court.

In a bourse filing, the company said its wholly-owned YTB Impression Sdn Bhd (YTBI) has accepted the letter of approval from the Melaka government for the cruise terminal yesterday.

Ahmad, 54, is charged with not declaring to the Inland Revenue Board (IRB) that the RM2 million via an AmBank Islamic cheque he received from former premier Datuk Seri Najib Razak is from illegal proceeds.

Najib's counsel Harvinderjit Singh argued that the documents have yet to be conclusively determined and it is the onus of the prosecution to call an expert to verify the documents.

Deputy public prosecutor (DPP) Datuk V Sithambaram said the prosecution had narrowed down the disputed exhibits to seven documents, comprising shareholder minutes, shareholder resolutions and a bank transfer instruction.

This is its second construction job this month, bringing its contract secured to RM948.95 million year to date.

In a statement to Bursa Malaysia today, IOI Properties said Yeow Chor, who owns a direct stake of 0.124% in IOI Properties, has a deemed interest of 62.954% in the company. Meanwhile, Yeow Seng, who owns a direct stake of 0.002% in IOI Properties, has a deemed interest of 62.947% in the company.

Following this, the judge directed lawyers representing Nazifuddin and IRB to file their written submissions on the stay application.

Justice Ahmad Zaidi also fixed March 2 for case management for parties to inform him of the outcome of the application at the Court of Appeal.

The research firm has upgraded Gamuda to "Outperform" with a higher sum-of-parts derived target price of RM4.70 from RM3.90 previously.