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US prosecution eyes Jho Low's UK assets; Show cause letter for FGV execs

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

US prosecution eyes Jho Low's UK assets

Penang-born billionaire Jho Low allegedly laundered US$50 million of 1MDB-linked funds through Houston-based energy company Coastal Energy, according to the US Department of Justice.

The money was allegedly used to acquire properties in London, which the DOJ is also seeking to seize.

The Court of Appeal fixed Aug 30 to hear an appeal on misfeasance in public office against Prime Minister Najib Abdul Razak, following the discovering of multi-billion ringgit deposits in his personal bank accounts.

Selangor MCA denied the party received RM10 million from Najib.

Communications and Multimedia Minister Salleh Said Keruak dismissed Sarawak Report, which had highlighted transactions involving Najib's personal bank accounts, as an untrustworthy source.

Show cause letter for FGV chief

Felda Global Ventures Holdings Bhd (FGV) chief executive officer Zakaria Arshad was finally served a show-cause letter, a week after he was made to go on leave on grounds that he had violated corporate governance rules.

Zakaria denied this and claimed he had tried to stop "ridiculous investments" by the FGV board under its chairperson Mohd Isa Abdul Samad. The FGV board denied his claim.

Malaysian Anti-Corruption Commission deputy chief commissioner (operations) Azam Baki said the commission plans to call more than 50 people to record their statements in relation to the FGV tussle.

Bersatu blamed the crisis on Mohd Isa, and submitted a memorandum at Felda's headquarters demanding his resignation.

DAP parliamentary leader Lim Kit Siang called for a Royal Commission of Inquiry to look at the long-standing issues in Felda and its subsidiary FGV.

PKR funding mystery

PKR's Kelana Jaya MP Wong Chen, who had faced an audit on his allocation spending, abruptly announced a suspension of his welfare programme.

DAP's Kluang MP Liew Ching Tong denied that his party had in the past tried to close down the town's Bazaar Ramadan, stating that it was MCA instead that had lobbied for such.

Penang Chief Minister Lim Guan Eng told PAS to be rational in its criticism of illegal gambling in the state, pointing out that only the police force, which is a federal authority, can take action.

Deputy Prime Minister Ahmad Zahid Hamidi called for a crackdown on "politically-linked" gambling kingpins.

Other Kinibites

Malaysian Ambassador to Chile Mohamad Rameez Yahaya was robbed after five men broke into his residence in Las Condes, Chile, and tied up the diplomat and his family.

The Johor government proposed that Putrajaya shares the tourist tax it plans to collect with the respective state governments.

The Sessions Court in Kuantan ordered 15 activists who protested against Lynas' rare earth processing plant in Gebeng in June 2014 to enter their defence.

The Selangor government announced two months' salary bonus for civil servants in the state in conjunction with Hari Raya Aidilfitri.

The World Bank projects better economic growth for Malaysia, revising its gross domestic product (GDP) forecast for this year from 4.3 percent to 4.9 percent.

Looking ahead

Prime Minister Najib Abdul Razak is set to meet Felda chairperson Shahrir Abdul Samad on resolving the internal tussle at the premises of Felda's subsidiary, Felda Global Ventures Holdings Bhd.

Najib is also expected to meet Sarawak Chief Minister Abang Johari Openg on BN's candidate for the Pujut by-election and may also touch on the tourist tax that has sparked a row between the Sarawak government and Putrajaya.

Former Johor state executive councillor Abdul Latif Bandi, who was implicated in a land scandal in the state, is expected to face fresh charges.

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