Monthly Archives: August 2015

August 30

Counsel Clarifies Appeals Court Decision In NFCorp Chairman’s Case

Lawyers acting for National Feedlot Corporation (NFCorp) chairman Datuk Seri Dr Mohamad Salleh Ismail today clarified that their client was only required to answer the two criminal breach of trust (CBT) charges when the prosecution had proven a prima facie case and ingredients of the charges. In a statement issued Saturday, lawyer Al Firdaus Shahrul […]

August 27

Ninety per cent of my shares pledged with banks for loans, says Mahmud

Sarawak business entrepreneur Datuk Seri Mahmud Abu Bekir Taib today demolished claims by his former wife Shahnaz Abdul Majid that he is a billionaire beyond mega proportions when he testified that 90 per cent of his shares in Cahya Mata Sarawak representing an 11 per cent stake in the shareholding, have been pledged with banks […]

August 26

MACC sends notices to ‘missing persons’ families

Notices have been sent to the families of businessman Jho Low and the former top officers of SRC International Sdn Bhd, Nik Faisal Ariff Nik Othman Kamil and Suboh Mohd Yassin, to appear before the Malaysian Anti Corruption Commission to assist in its investigations. It is understood that the notices were sent earlier this week, […]

August 24

Changing times for cabbies

Malaysia’s taxi drivers are slowly leaving the industry, blaming growing costs and the falling share of passengers. An unknown number of cabbies are said to have signed up with ridesharing services such as Uber and GrabCar, with Uber claiming that 20% of its weekly sign-ups today were from taxi drivers. “Based on (the) last quarter, […]

August 20

Sarawak business tycoon succeeds in having child maintenance applied by son, not by former wife

The Kuala Lumpur Shariah High Court was today informed that Sarawak business entrepreneur Datuk Seri Mahmud Abu Bekir Taib had successfully obtained an order from the Kuala Lumpur Shariah Appeals Court on 14 July 2015 which unanimously ruled in his favour that his only son Raden Murya Abdul Taib Mahmud was matured and capable to […]

August 18

Mutaah claim grossly exaggerated, Mahmud says

Statements purporting to show he had 111 bank accounts worldwide were the work of convicted forgers, Shariah court told. Sarawakian entrepreneur Mahmud Abu Bekir Taib expressed regret that his divorce maintenance hearing had evolved into an international politically motivated conspiracy against him and his family, and in particular his father Governor of Sarawak Abdul Taib […]

August 14

Ex-PetroSaudi exec to get jail sentence soon: Lawyer

Andre Xavier Justo, the Swiss man who blackmailed his former employer PetroSaudi and then tried to sell data which he stole from the company to a group of people who he said intended to use it to topple Malaysian Prime Minister Najib Razak, will be given a prison sentence in a court in Bangkok possibly […]

August 13

BNM says 1MDB probe completed, recommendations submitted to AG

Malaysia’s central bank has completed an investigation into troubled state fund 1MDB and submitted a report to the attorney general, the bank’s governor, Zeti Akhtar Aziz, told a news conference on Thursday. “The bank has submitted its investigation papers to the attorney general with the recommendation for the appropriate enforcement action,” she told reporters. The […]

August 10

Chief Secretary: MACC duo reinstated after explanations given

Ali confirmed that the two directors from the MACC who were issued transfer orders last week have been reinstated to their original posts in the agency. — Picture by Saw Siow Feng Chief Secretary to the Government Tan Sri Dr Ali Hamsa confirmed today that the two directors from the Malaysian Anti-Corruption Commission (MACC) who […]

August 10

MIDF: Ringgit won’t touch RM4 to US dollar

Despite the sudden fall in the Malaysian currency value in recent weeks, due to falling global crude oil prices and an impending rate hike by the US Federal Reserve, the ringgit should not touch the RM4 mark against the greenback. MIDF Research said in a note today that it expects the ringgit will be range-bound […]

August 09

MT Joaquim found, crew safe but cargo gone

Singapore-registered MT Joaquim which went missing in Selangor waters last night has been found some 14 nautical miles east of off Pulau Rupat, Indonesia. Malaysian Maritime Enforcement Agency deputy director-general (operations) Datuk Ahmad Puzi Ab Kahar said the oil tanker was transporting 3,500 metric tonnes of fuel oil worth USD700,000 (RM2.7million). “MT Joaquim was sailing […]

August 08

Excitement builds as fans flock to KL street race

Fans eagerly taking pictures of the high-powered cars racing in the KL City Grand Prix. – The Malaysian Insider pic by Raymund Wong, August 8, 2015.Excitement is buzzing all around at the Kuala Lumpur Grand Prix (KLGP) as the deafening roar of the race car engines fills the city centre. Eager to catch fleeting glimpses […]

August 08

Debris supports conclusion MH370 crashed into Indian Ocean

International experts have confirmed that the flaperon found on the French Reunion Island is from Flight MH370 – supporting an earlier conclusion that the Malaysia Airlines plane crashed into the Indian Ocean almost 17 months ago. Datuk Seri Najib Tun Razak said today that the experts gathered in the French city of Toulouse “have conclusively […]

August 06

Nurul Izzah Anwar malicious, says NFCorp Chairman (Updated)

Mohamad Salleh Ismail told the High Court, here, Thursday the allegation made by Nurul Izzah Anwar that he had purchased eight units of properties at KL Eco City, Bangsar was clearly malicious. Mohamad Salleh, who is executive chairman of the National Feedlot Corporation Sdn Bhd (NFCorp), said Nurul Izzah never checked nor bothered to verify […]

August 05

Rafizi’s BAFIA challenge a delay tactic

Pandan MP and PKR secretary-general Rafizi Ramli’s move to challenge the constitutionality of the repealed Banking and Financial Institutions Act 1989 (BAFIA) which he has been charged under in connection with his exposés on the National Feedlot Corporation (NFCorp) in 2012 is a delay tactic, the company’s lawyer said yesterday. Earlier today High Court Judge […]