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Income tax dept told to go after Jho Low

  • May 25, 2018
Malaysia's finance minister said today he has asked the Inland Revenue Board to investigate financier Low Taek Jho and his family in relation to 1Malaysia Development Bhd (1MDB), the state fund at the heart of a massive anti-corruption probe.Lim Guan Eng said in a tweet: "The Inland Revenue Board is asked to investigate Jho Low and his family in relation to any returns or anything received in the 1MDB scandal."The whereabouts of Low, a close friend of former prime minister Najib Razak's family,
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Is Umno laying claim to the handbags as well, asks DAP veteran

  • May 25, 2018
Lim Kit Siang posed a slew of questions with regard to Umno seeking the return of what it claims to be election campaign funds which were in the process of being transferred to the new leadership following Najib Abdul Razak's resignation when the police seized it during an operation on May 18. The police had seized 72 bags in total, 35 with cash in 26 different currencies amounting to RM114 million during the operation which targetted three units in Kuala Lumpur's Pavilion Residence, which ar
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Najib: Congrats for unnecessarily spooking market with RM1 trillion claim

  • May 25, 2018
In a sarcastic swipe, former premier Najib Abdul Razak congratulated the new government for unnecessarily spooking the market with the RM1 trillion national debt claim. He said this led to sharp falls of the stock exchange this week - capping 14 consecutive days of foreign capital outflows. “This debacle has led to real losses to stock market investors and our GLICs such as EPF, KWAP, Khazanah and Tabung Haji. “I hope and pray that government ministers will be more careful in making
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Ex-S'gor MB officers ordered to return RM1.2m to MB Inc

  • May 25, 2018
The Court of Appeal today overturned a decision of the High Court in Shah Alam and ordered former Selangor menteri besar Khalid Ibrahim's political secretary, Faekah Husin, and former Selangor Menteri Besar Inc (MBI) general manager Rohani Talib to repay MBI RM1.2 million. A three-member panel led by Justice Tengku Maimun Tuan Mat ruled that these were unauthorised payments and ordered for the sum to be returned. However, the bench did not make any order as to costs. The other judges we
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Bursa Malaysia snaps 3 days of losses, ends higher

  • May 25, 2018
Bursa Malaysia snapped three days of losses to close higher today on renewed buying interest as the over-reaction to the national debt level eased, despite the mixed performance by regional peers, dealers said. The benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) closed at 1,797.40, up 21.74 points from Thursday's close of 1,775.66. The index opened 17.14 points higher at 1,792.82 and moved between 1,785.12 and 1,897.81 throughout the day. Hermana Capital Bhd's Chief Executive Officer and
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Ex-Umno man fined over illegal red shirt rally at Malaysiakini

  • May 25, 2018
Former Sungai Besar Umno division secretary Mohamed Durrany Izam was fined RM4,000 by the Sessions Court in Petaling Jaya today after being found guilty of organising an illegal rally in front of news portal Malaysiakini office two years ago. Judge Mohammed Mokhzani Mokhtar meted out the sentence to Mohamed Durrany, 36, who is also the former secretary to the division’s chief Jamal Md Yunos, after finding that the defence had failed to raise reasonable doubts at the end of the defence's cas
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Abolishing gov't agencies a welcome move to reduce expenses

  • May 25, 2018
ADUN SPEAKS | Since the dawn of a new era in Malaysia, every morning is greeted with immense attention and excitement. After 61 years in darkness, Malaysians finally have a ray of light and hope in their new government. It is the first meeting of the cabinet. 13 ministers were sworn in a few days before. A nation waits for the first press conference by the prime minister. The first order of business is simple: Government expenses have to be reduced. It was a shrewd but logical thing to d
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No need to lodge new report to reopen Altantuya case, says MP

  • May 25, 2018
The police do not need to wait for a new police report to reopen investigations into the murder of Mongolian national Altantuya Shaariibuu, said a DAP MP. “There is no need for a new police report to be lodged, as it is very likely that the person who ordered the murder of Altantuya is already known to the police from the earlier investigations into the said murder, as this is too crucial an aspect to have been missed out in the said investigations. “It defies logic for investigators t
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Justo provides missing link between 1MDB and Jho Low

  • May 25, 2018
KUALA LUMPUR, May 25 — Former Petrosaudi International executive Andre Xavier Justo claimed to have met billionaire Low Taek Jho two times to discuss a deal involving 1Malaysia Development Bhd (1MDB). Despite Low’s insistence that he had no involvement in 1MDB outside of the Terengganu Investment Authority, Justo told The Star newspaper in an interview that he personally encountered the billionaire twice over a deal with PSI that was eventually aborted but for which money still changed ha
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