MACC grills FashionValet founders for sixth day running over RM43.9m investment loss probe Posted on November 14, 2024 By serv PUTRAJAYA, Nov 13 — The founding couple of FashionValet Sdn Bhd, linked to the investment loss of Khazanah Nasional Bhd (Khazanah) and Permodalan Nasional Bhd (PNB), continued giving their statement to the Malaysian Anti-Corruption Commission (MACC). The vehicle carrying the couple arrived at MACC headquarters here at 2.50pm. Today marks the sixth day of their statements being recorded after the MACC detected several suspicious account transactions in its probe into investment losses totalling RM43.9 million. MACC Chief Commissioner Tan Sri Azam Baki was reported to have said that the commission was reviewing and investigating the cash flow received by the e-commerce business platform founders. MACC is also reported to have frozen several of the couple’s private and company bank accounts worth about RM1.1 million through Op Favish on November 6. — Bernama News
No change to prices of RON97, RON95, diesel Posted on November 14, 2024 KUALA LUMPUR, Nov 13 — The retail prices for RON97 and RON95 petrol will remain unchanged, at RM3.19 and RM2.05 per litre respectively from November 14 to 20. The Ministry of Finance, in a statement today, said that the retail price of diesel in Peninsular Malaysia also remained at RM2.95… Read More
Appeals Court delays ruling on MyCC’s RM86.77m fine appeal against Grab Posted on November 19, 2024 PUTRAJAYA, Nov 18 — The Court of Appeal has reserved its decision on the appeal filed by the Malaysian Competition Commission (MyCC) challenging the High Court’s ruling, which quashed its proposed fine of RM86.77 million against Grab Inc. and its two subsidiaries for alleged anti-competitive practices in the e-hailing sector…. Read More
I won’t step down as Sabah Umno chief, says Bung Posted on November 21, 2024 KOTA KINABALU, Nov 20 — Datuk Seri Bung Moktar Radin said he will not entertain calls for him to step down as Sabah Umno chief over his corruption case and declared he would continue to lead the party’s state chapter. The Kinabatangan MP was urged to resign as Sabah Umno… Read More