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News by Adam Aziz

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Pulau Indah power plant project not terminated as new capacity needed to meet demand in central region, says minister

05 November, 2019

Yeo said there is lack of power supply in the central region, coupled with the limited transmission capacity from the northern and southern region that will not be able to feed the demand in case there is power shortage in the central region.

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news

Seacera shareholders holding 2.5% stake propose appointment of six new directors

04 November, 2019

The shareholders are Ng Wai Yuan, Datin Sek Chian Nee, Low Swee Foong and Datuk Tan Wei Lian

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I'm sorry my solution to our financial crisis problems profited the tycoons — Dr M

29 October, 2019

This means the government would then lose out on corporate taxes and income taxes as a big part of taxes are paid by tycoons, he said.

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news

1MDB-Tanore Trial: CEO accepted 'face value' valuation on PSI assets

24 October, 2019

This was revealed by defence counsel in the 1MDB-Tanore trial, Tan Sri Muhammad Shafee Abdullah, who produced valuer Edward L Morse's letter of appointment to estimate the worth of the oil and gas assets.

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1MDB-Tanore trial: Defence seeks MACC documents from whistle-blower Justo

24 October, 2019

Justo provided emails and documents to The Edge and Sarawak Report sometime in February 2015, which helped in the 1MDB exposés that year.

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Will charges stick to Najib? It’s 'like tossing a coin,' says defence counsel

24 October, 2019

“There could be some charges dropped ... I can’t imagine which charge (where the High Court) can call (Najib) for defence, because all the charges were poorly (executed),” said Shafee.

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SRC trial: Defence challenges admissibility of 70 out of 780 exhibits

24 October, 2019

The defence's argument is basically the authenticity of the documents is being questioned, and the court should not admit them.

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1MDB-Tanore Trial Day 25: More on 1MDB’s fund diversion to Good Star

24 October, 2019

This follows a two-day break, during which Najib attended the SRC trial where the defence and prosecution made their oral submissions on the seven criminal charges over the embezzlement of RM42 million from 1MDB’s former unit SRC International Sdn Bhd.

 

 

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news

Shafee: Najib didn't file police report on RM42m deposit to avoid interfering with probe

23 October, 2019

This was also why Najib did not issue any statement to the public when he found out about the issue, counsel Tan Sri Muhammad Shafee Abdullah told a press conference after submitting in court at the close of the prosecution case in the SRC trial.

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SRC trial: As then finance minister, Najib cannot say he could not manage own bank accounts — prosecution

23 October, 2019

Sithambaram said the basic fact is that “all cheques issued out of accounts 906 and 898 were issued personally” by Najib. 

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