News by Adam Aziz

It was to cover interest, late payment penalty for RM4 billion KWAP loans.

"Possibly, now, the board member would have to resign or be removed," said Ismee.

Ismee stuck to his guns amid arguments by defence lawyer regarding discrepancies in SRC documents.

Ismee told the High Court here today that the board was unaware of several cash transfers that took place. 

Ismee said he only got to know now that some of the personnel in SRC were close associates of the runaway businessman.

“UEM Group would like to state on record that it does not have an account at Maybank KL Main branch, neither does it have an account with the alleged account number as claimed by various social media sites,” it said in a statement today.

Managing director Eric Yong said the group's plan is to push for more construction jobs now that its Shah Alam property development 'The Greens' is almost fully taken up.

"We have only come to the stage of getting the data. No real decision has been made [on the mechanism]," Dr Mahathir said. 

"We see businesses find it difficult to obtain approval to invest and contribute to the growth of the economy," said Dr Mahathir. 

The assets, seized between May 7, 2018 and March 11, 2019, are underlined in the RM31 million forfeiture action by the government under the Anti-Money Laundering, Anti-Terrorism Financing and Proceeds of Unlawful Activities Act, on grounds that the assets were allegedly acquired using funds siphoned from 1MDB.