Apex court dismisses Najib's 3 appeals in SRC case
The SRC trial will resume on Monday (April 15).
The SRC trial will resume on Monday (April 15).
Felda's director-general said Felda was directed by Datuk Seri Najib Razak, to take up a 37% stake in EHP, which had total debts of US$547.4 million in 2014 and its liabilities stood at US$676.9 million in 2016.
Yesterday evening a police report was lodged claiming that Felda was cheated into entering into a "one-sided" deal for the sale and purchase of Eagle High Plantations TBK (EHP) owned by the Rajawali Group two years ago.
Thomas said this at the Federal Court in the hearing of one of Najib's three appeals, namely wanting a pre-emptive gag order on the media and people from discussing the trial before a seven-member bench led by Chief Justice Tan Sri Richard Malanjum.
“The US$126 million (RM514.1 million) is the best received offer over five months from October 2018, when the Equanimity was first put up for sale. The sale is the highest recovery to date by the Malaysian government from the 1MDB scandal,” said Attorney-General Tommy Thomas
He springs a surprise addition to his defence team and claims the charges were defective
Lawyer Sitpah Selvaratnam earlier told the court that this was the best offer received to date to the reserve price of US$130 million.
KAJ Development Bhd has named the Melaka Port Authority, Loke and the Malaysian government as respondents.
Application filed to review apex court’s decision to lift the stay
"There will be one to three witnesses to be called on that day after the opening statement is made. The number would depend on how the proceedings go on that day," the source said.