SINGAPORE - Singapore's longest serving central banker, Ravi Menon, will head a new non-profit to drive fintech innovation and growth globally, the Monetary Authority of Singapore (MAS) said on Wednesday.
KUALA LUMPUR : Datuk Seri Najib Razak is"extremely disappointed" with the prima facie ruling from the High Court that requires him to enter his defence in the RM2.28bil 1Malaysia Development Bhd case.
Najib's lead defence counsel Tan Sri Muhammad Shafee Abdullah said both he and his client were very disappointed, as the defence presented arguments they believed warranted serious consideration.Muhammad Shafee also expressed surprise that this was the only case where he could not win on a single point at this stage.Muhammad Shafee then said that he and his team would prepare for the defence.
"We are not giving up; we are going to fight this. We are more determined because of the decision today," he said. Earlier, Justice Collin Lawrence Sequerah ordered the former prime minister to enter his defence on four counts of power abuse and 21 counts of money laundering charges linked to the RM2.28bil said to be misappropriated from 1MDB.According to the amended charges, the former Pekan MP is facing four counts of using his position to obtain RM2.28bil from 1MDB's funds and 21 counts of money laundering involving the same amount.
1MDB Kuala Lumpur Money Laundering Court Decision
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