News by Hafiz Yatim

Testifying in the criminal breach of trust and graft trial of former Felda chairman Tan Sri Mohd Isa Samad at the High Court today, Hanapi initially stated that no approval was given by the board for the purchase.

The High Court here today heard that as the sum sought involved a huge amount it had to be approved by the Felda's board of directors.

FIC acting chief financial officer Azlan Mohamed Ismail said the FIC board of directors sought a reassessment of the hotel purchase in 2017 following allegations it was bought at an inflated price.

Goldman Sachs is being summoned in Malaysia, as the financial services provider is alleged to have misled investors by making untrue statements and omitting key facts in relation to the 1MDB-related bond issues.

...to include its office bearers in the legal action to recover 1MDB-related money.

His lawyer Datuk Hasnal Rezua Merican told reporters today that this was due to his client's case being related to Najib's SRC International Sdn Bhd and possibly 1Malaysia Development Bhd (1MDB) trials.

"... But these cheques were never meant to be encashed and were never encashed ..."

The witness said this was because all big decisions, including those pertaining to investments, required the approval of Datuk Seri Najib Abdul Razak.

Sharol, who is the prosecution's ninth witness, provided the court yesterday with some examples of incidences that led him to believe Low, also known as Jho Low, had a strong rapport with the former premier.

Shahrol, the ninth prosecution witness who is expected to provide vital evidence and testimony in the 1MDB-Tanore trial against Najib, said he saw how Jho Low had demonstrated several times that he had easy access to the sixth prime minister and was "looking after Najib's interests from the start".