KWAP

Datuk Seri Najib Tun Razak admitted at the High Court that he has certain regrets over the losses facing SRC International Sdn Bhd.

Datuk Seri Najib Tun Razak also made it clear that the money was not from SRC International Sdn Bhd or Retirement Fund Inc (KWAP).

Tan Sri Ismee Ismail clarified that he did not have the former premier's personal phone number.

An estimated 32,000 new retirees are recorded every year, and the govt spends RM31 bln to pay the pensions of more than 900,000 retirees.

Datuk Seri Ahmad Maslan said the govt hopes KWAP will continue with the special programme to educate and raise awareness among pensioners.

MoF said the lower non-tax collection is cushioned by an increase in tax revenue which is expected to record RM218.3 billion.

KWAP has thrived as a company group that has expanded its investment portfolio three-fold to funds worth around RM159 billion today.

Najib's application for a stay of SRC International Sdn Bhd's civil suit proceeding against him will be heard on Dec 3.

Najib Tun Razak will apply for a stay of proceedings in a civil suit filed by SRC International Sdn Bhd against him.

Mohammed Azhar Osman Khairuddin has filed an application to have two fellow former directors, Shahrol Azral Ibrahim Halmi and Ismee Ismail to indemnify him against all losses.

The High Court here today ordered Najib and four other defendants to respond to a suit filed by the SRC International Sdn Bhd in relation to the RM4 billion KWAP loan to SRC by Aug 30.

SRC International Sdn Bhd has served the copies of the writ of summons on all six defendants, except for its former chief executive officer, Nik Faisal Ariff Kamil, as he is not in Malaysia.

SRC, now wholly owned by MoF Inc, alleged that Najib had abused his power and obtained personal benefits from SRC funds as well as misappropriated the funds.

The former premier had no personal nor pecuniary interest when he chaired Cabinet meetings that discussed government guarantees for SRC to obtain a loan from KWAP.

Sithambaram submitted that SRC only "commenced business" by transferring out money to Switzerland in a fixed deposit when KWAP had disbursed the loan in 2011 and 2012.

A married couple and a man were charged in the Magistrate's Court here today with trafficking 51.974 kilogrammes of Methamphetamine.

The police may seek new testimony from existing witnesses for additional insights into the investigation of Teoh Beng Hock's death.

Thailand's Constitutional Court rejects a petition seeking to stop Thaksin Shinawatra from interfering in the running the Pheu Thai party.

The State Assemblyman for Sungai Bakap, Abidin Ismail, was sworn in today at the State Assembly building, Lebuh Light.

A cadet officer at UPNM pleaded not guilty to a charge of injuring his junior by stomping on the victim's stomach with spike boots.

The indictment was unsealed on Nov. 20, prompting a $27 billion plunge in Adani Group companies' market value.

Several countries have already vowed to curb social media use by children through legislation, but Australia's policy could become one of the most stringent.

Bondi was the top law enforcement officer of the country's third most populous state from 2011 to 2019, and served on Trump's Opioid and Drug Abuse Commission during his first administration.

At 8 am, the local currency climbed to 4.4600/4700 against the greenback.

The hospital hallways echo with the screams of children as anxious parents await news from doctors.