News by Emir Zainul

The Court of Appeal today, led by Justice Datuk Suraya Othman, had given the prosecution three working days to deliver the relevant document to the defence

The CCTV video clips, which had a total run time of about one hour, were shown in court by the prosecution through its eighth witness Malaysian Anti-Corruption Commission (MACC) forensic officer Badri Azni, who confirmed the authenticity of the videos.

The three-member bench led by Chief Judge of Malaya Tan Sri Azahar Mohamed unanimously upheld the ruling made by the Court of Appeal on June 23, 2020, as well as the decision made by Kuala Lumpur High Court judge Justice Collin Lawrence Sequerah on Nov 8, 2019 on this application. 

In BNM’s Financial Stability Review for Second Half 2020 report released today, the central bank said that a concern over high household debt is that it may lead to rapid deleveraging by households in the aftermath of a crisis, thus dampening or derailing the economic recovery.

Anina said she did not intend to challenge the injunction order.

Besides bank statements, Najib’s lawyers are also seeking declarations of the identities of the companies’ beneficial owners, registers of members of the companies, registers of directors of the companies, as well as correspondence between the banks and the companies in respect of their transactions, including emails, telegraphic transfers, remittance form, payment advice, transaction report, payment order, credit advice and bank memos.

“We are now more selective in terms of investments coming into our country. We no longer want labour-intensive industries coming to Malaysia because we do not want to be over-dependent on foreign workers.”

On July 10, 2020, the government filed a notice of motion implicating that the monies involved belonging to PSI and its subsidiary PSOSL were related to an offence under Section 4(1) of the Anti-Money Laundering, Anti-Terrorism Financing and Proceeds of Unlawful Activities Act (AMLATFPUAA) 2001

The auction date has been fixed for June 16, 2021.

He had failed to prove the prosecution against him was mala fide, oppressive and an abuse of court process.