News by Adam Aziz

Budget 2019 tabled earlier this month underlined the government’s plan to sell its non-strategic lands through a public-private partnership (PPP) model, as well as to sell non-strategic assets currently owned by Government-Linked Companies.

Zuraidah said that FundMyHome "is a programme that provides equity to the purchasers".

The charges were read in front of judge Azman Ahmad, who granted bail of RM1 million and set Dec 12 for the case to be mentioned again.

Rosmah and Rizal both pleaded not guilty to all charges. Both were granted bail of RM1 million, of which half is to be paid today and the remainder in seven days' time.

The project in the spotlight involves installation of solar panels to 369 schools in rural Sarawak. It was allegedly signed off by Najib to a Bintulu-based car rental company, without going through an open tender process.

It was widely reported that Tengku Adnan would face charges in relation to dubious land transactions between DBKL and Yayasan Wilayah Persekutuan (YWP), in which he was previously chairman.

"If he has to be trialed, he should be trialed. If he's charged and he's found guilty, then the rule of law will apply. If he's found innocent, then the rule of law will also apply," Dr Mahathir told CNBC in an interview published today.

TMG chairman Ng Ser Miang said the move will enable the group to attract investors preferring a pure healthcare company, leading to a wider investor base and improved liquidity for its shares.

It also said it will await further direction from the government in order to get a clearer picture on the implementation mechanism of the proposed REIT.

In allowing the transfer, Justice Nazlan said he took into consideration the keen public interest in the case and the high value involved. He also noted that the other case — comprising seven charges involving RM42 million in SRC International — has also been transferred to the High Court from the Sessions Court previously.