KUALA LUMPUR, March 5 Japan’s agritech company MYFARM Inc will inject RM210 million into PLS Plantations Bhd’s large-scale durian cultivation project spanning over 1,000ha.
KUALA LUMPUR: The Edge Media Group chairman Tan Sri Tong Kooi Ong told the High Court that he did not misinterpret Datuk Seri Najib Razak's action of "showing him the door" after he suggested that fugitive businessman Low Taek Jho should be prosecuted.
KUALA LUMPUR: The government has failed in its application to forfeit RM114mil allegedly belonging to Umno and former prime minister Datuk Seri Najib Razak that was seized from premises belonging to Obyu Holdings Sdn Bhd.
This followed a decision by High Court judge Datuk Muhammad Jamil Hussin in dismissing the application by the prosecution to forfeit the money that was seized by the police at Pavilion Residences on May 17,2018.
In dismissing the application, Muhammad Jamil said the applicant had failed to prove that the money, amounting to RM114,164,393.44, was proceeds from money laundering.
However, he made no order for the money, which is with Bank Negara Malaysia, to be returned to the owners.
Monday, 08 Feb 2021 08:44 PM MYT
Datuk Seri Nazir Razak speaks at media briefing and Q&A session during CIMB 10th Annual Malaysia Corporate Day in Kuala Lumpur in this file picture taken on January 4, 2018. Picture by Yusof Mat Isa
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KUALA LUMPUR, Feb 8 PLS Plantations Bhd (PLS), a 73.08 per cent owned subsidiary of Ekovest Bhd (Ekovest) said former CIMB chief executive officer and chairman Datuk Seri Mohamed Nazir Abdul Razak will assume the role of non-executive independent chairman effective February 10, 2021.
Another former CIMB senior ex-banker, Tan Hong Kheng is also set to join as an independent non-executive director on the same date.