The defendants, most of whom are former Minister of Women, Family and Community Development Tan Sri Shahrizat Abdul Jalil’s family members, are accused of misappropriating and wrongly using RM118 million out of the RM250 million loan granted.
This was revealed by Madinah when reading her witness statement before Judge Mohamed Zaini Mazlan.
Mahdzir, who is the fifth prosecution witness in the trial, disagreed with a suggestion from Rosmah's counsels Datuk Jagjit Singh and Datuk Akberdin Abdul Kader that the appointed law firm had “brokered” a deal for him.
He said his Ministry is continuing to step up its readiness to face the possibility of Malaysia entering the subsequent phases, namely “late containment” and “mitigation”.
This was revealed by Dr Uzailee Abdul Latiff, a former Finance Ministry deputy secretary-general who was in charge of procurement at the time, who was testifying in the graft trial of former Home Affairs Minister Datuk Seri Dr Ahmad Zahid Hamidi.
TA Enterprise (TAE) announced to Bursa Malaysia that it is making a conditional voluntary offer to buy out 2.12 billion shares, which is equivalent to a 39.83% stake in TA Global it does not already own. TAE currently owns a 60.17% stake.
At the same time, Tiger Synergy is proposing to raise up to RM50.51 million in a private placement to finance its on-going property development projects and for working capital.
The land is owned by Golden Valley Industries Sdn Bhd.
In a note today, OCBC pointed to how Malaysia’s economy slowed in 4Q19, even before the COVID-19 outbreak, which occurred at the start of this year.
The counter hit £0.73 again today before closing the day at £0.72.
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