1MDB trial: Najib files fresh affidavit seeking bank documents malaysiakini.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from malaysiakini.com Daily Mail and Mail on Sunday newspapers.
“The court ordered the defendants’ assets be traced and paid to the SC in order to compensate the EDI scheme investors. The court has also declared that RBTR, who was an SC-licensed fund manager, had breached its obligations and/or duties under the fund manager guidelines and failed to conduct due diligence to safeguard investor monies, ” the SC said.
PETALING JAYA: RBTR Asset Management Bhd and five others have been fined RM13.4mil in restitution for their role in the Euro Deposit Investment (EDI) scheme.
The Securities Commission (SC) said this was according to an order issued by the Kuala Lumpur High Court on March 30.
Published on: Sunday, April 04, 2021
By: Bernama
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Najib (pic) has submitted 307 grounds in his petition of appeal on why he should be cleared of the charges. (Photo: Bernama)
Kuala Lumpur: Tomorrow, the Court of Appeal is scheduled to hear Datuk Seri Najib Tun Razak’s appeal against his conviction and jail sentence for misappropriation of RM42 million of SRC International Sdn Bhd funds.
It is Najib’s first appeal after the Kuala Lumpur High Court on July 28 last year, sentenced the former premier to 12 years of jail and fined him RM210 million, after finding him guilty on seven charges of criminal breach of trust (CBT), money laundering and abuse of position involving RM42 million of SRC funds.
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