Business, markets and economy news from Malaysia.
Sri Lanka's Bribery Commission has arrested retired Admiral Wasantha Karannagoda over allegations he unlawfully facilitated the 2006 naval recruitment of Yoshitha Rajapaksa, former president Mahinda Rajapaksa's son, without proper qualifications.
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The High Court has rejected a legal challenge by former Penang Chief Minister Lim Guan Eng and his wife to dismiss corruption and money laundering charges worth RM11.6 million. The trial will now proceed as scheduled.
Malaysia's Court of Appeal has rejected an attempt to dismiss graft charges against a senior Penang politician and a businesswoman, clearing the path for trial proceedings to commence.
The chief executive of Malaysia Stadium Corporation has pleaded not guilty to seven bribery charges involving solicitation and acceptance of over RM1 million in inducements to award a company a lucrative tender for upgrading the National Squash Centre.
Yoshitha Rajapaksa, 38-year-old son of former Sri Lankan president Mahinda Rajapaksa, has been arrested on corruption charges involving state fund misappropriation for military training abroad, marking an escalation in prosecutions against the influential political family.
An official from the non-governmental organisation Pertubuhan Ikram Malaysia has entered a not guilty plea to 158 charges of abusing his position for gratification involving approximately RM98 million over five years, in proceedings at the Shah Alam Sessions Court.