News by M

Ahmad Farhan that there is a provision in AMLA that does not permit warnings about suspicious transactions, so Najib would not have been alerted.

The forfeiture action is against assets said to be from funds illegally gained from 1MDB. 

Lim said the RM51 billion debt includes the amount of interest borne and loans from the Ministry of Finance (MoF) of RM8.6 billion that were used to repay 1MDB's debts to date.

This is in relation to jewellery, cash, handbags and luxury vehicles said to have been bought using 1MDB funds.

Today, KWAP former assistant vice-president Amirul Imran Ahmat continues his cross-examination.

The US government had returned US$57.04 million (RM236.72 million) given up by Red Granite Pictures, a US-based film production company linked to former prime minister Datuk Seri Najib Razak and his stepson Riza Aziz.

"Interest rates have a profound effect on the influence of an individual's ability to purchase residential properties by decreasing the cost of mortgage," said Previndran.

Thomas said the first tranche of returned funds of US$57.04 million (RM233.7 million) was credited into the 1MDB asset recovery account, a segregated trust account opened specifically for this purpose.

Total group revenue was higher at RM353.45 million in the first quarter ended March 31, 2019 (1QFY19) versus RM345.11 million.

Amirul said he had recommended that the SRC loan be capped at RM1 billion, versus the initial requested amount of RM3.95 billion, in order to mitigate the repayment risk.