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Minister hails conviction of Jho Low's ex-banker; Najib wants in on Ambank suit

KINI ROUNDUP Here are the key headlines you may have missed yesterday, in brief.

Minister hails conviction of Jho Low's ex-banker

Penang billionaire Jho Low's former banker Yeo JiaWei was jailed 30 months for obstruction of justice in Singapore following the city state's investigations into criminal activities linked to the 1MDB scandal.

Finance Minister II Johari Abdul Ghani hailed the conviction but was mum on what will happen in Malaysia as efforts to wind up the troubled investment fund continue.

Petaling Jaya MP Tony Pua warned that Johari's repeated assurances about the plunging Malaysian ringgit does not inspire confidence and may have the opposite effect.

A Singapore report said Malaysia's East Coast Rail Link project posed a threat to Singapore's status as a trading hub as it will allow China to access the Straits of Malacca without going through the city state.

Najib wants in on Zaid's Ambank lawsuit

Najib Abdul Razak applied to intervene in former minister Zaid Ibrahim's lawsuit against AmBank to disclose details of the RM2.6 billion found in the prime minister’s bank account.

Former premier Dr Mahathir Mohamad said he was amazed at how some were willing to kowtow to the prime minister despite his alleged wrongdoings.

Meanwhile, at a forum held in Malaysiakini, Mahathir defended his use of the Universities and University Colleges Act (UUCA) to quell student protests.

Parti Amanah Negara communications director Khalid Samad said the opposition needed to decide on a prime minister candidate to avoid a power struggle after the general election.

EPF exits FGV

The Employee's Providence Fund had disposed all its shares in fraud-hit Felda Global Ventures Holdings.

Auditor-general Ambrin Buang said the government recouped around RM2 billion in leakages following an audit of government agencies.

Amanah Saham Bumiputera saw its income distribution this year declined from 7.25 sen per unit last year to 6.75 sen per unit this year.

More Kinibites

PKR member Syarul Ema Rena Abu Samah was attacked with eggs and splashed with paint outside red-shirts leader Jamal Md Yunos' house.

Jamal's resort in Sekinchan was torn down for non-compliance of local council rules.

The moratorium on bauxite mining in Pahang was extended by another three months.

A coalition of Sarawak NGOs warned a Federal Court refusing to recognise territorial domains and communal forest reserves as native customary rights risks dispossessing indigenous peoples.

The Fisheries Development Authority criticised the Penang government's planned reclamation projects, warning that it will threaten the livelihood of fishermen.

Looking ahead

DAP leaders Ong Kian Ming and Yeo Bee Yin to hold a press conference on Universiti Kebangsaan Malaysia’s (UKM) decision to suspend student activist Asheeq Ali over his involvement in the TangkapMO1 rally.

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