- A + A (Aug 15): Myanmar’s deposed leader Aung San Suu Kyi was sentenced to six more years in prison on Monday in a judgement that could further anger supporters of the 77-year-old Nobel peace prize laureate. A special court inside a prison compound in the capital Naypyidaw found her guilty of four corruption charges related to a charity named after her late mother, according to people familiar with the matter, who spoke on condition of anonymity because the proceedings aren’t public. It’s the fourth round of criminal verdicts against Suu Kyi since the military seized power in a 2021 coup and brings her total jail term to 17 years, extinguishing any chance of her staging a political comeback, while the junta remain in power. Mandalay Region High Court Judge Myint San ruled that Suu Kyi caused the State to lose more than 24.2 billion kyat (US$13 million) by leasing land in Naypyidaw to build the headquarters and related projects of Daw Khin Kyi Foundation, a … [Read more...] about Ex-Myanmar leader Suu Kyi said to get six more years in prison
Sheppard v maxwell the supreme court decisions
Najib was found guilty of all seven graft charges the former premier faced in relation to SRC — one count of abuse of power in approving RM4 billion in loans from Retirement Fund Inc (KWAP) to SRC, and three counts each of criminal breach of trust and money laundering involving RM42 million worth of SRC’s funds. (Photo by Suhaimi Yusuf/The Edge) - A + A PUTRAJAYA (Aug 15): Datuk Seri Najib Razak’s application to adduce fresh evidence in his SRC International Sdn Bhd trial is an attempt to delay the case's proceedings, said ad hoc prosecutor Datuk V Sithambaram. Speaking to reporters after the hearing of the former prime minister's application at the Federal Court on Monday (Aug 15), Sithambaram said the prosecution takes the stance that the application is merely an attempt by the defence to delay the trial. “The prosecution thinks [the defence] is delaying, but they (the defence) think otherwise. Both of us are entitled to our views,” he said. However, the … [Read more...] about Najib’s bid to adduce fresh evidence is an attempt to delay SRC proceedings, says prosecutor
- A + A (Aug 15): Some shareholders and potential investors of Asian crypto exchange Zipmex Pte Ltd are urging chief executive officer Marcus Lim to step down over management decisions they argue led to a severe cash crunch, people familiar with the matter said. Zipmex, which capped withdrawals last month after exposure to troubled crypto lender Babel Finance hurt its finances, on Monday (Aug 15) was granted more than three months of protection from creditors by Singapore’s High Court. The reprieve will give the firm additional breathing room to come up with a funding plan. One large Zipmex shareholder has written to Lim asking him to resign, citing a loss of trust among partners and the fallout from the Babel exposure, one of the people said. It wasn’t clear how many investors support the effort to remove Lim. “The internal matter of senior executive positions (including responses to this letter) is being handled by the board and shareholders,” Lim said in a … [Read more...] about Investors of crypto exchange Zipmex seek CEO Lim’s resignation
THE DOLLAR’S DEMISE? … WSJ : Saudi Arabia Considers Accepting Yuan Instead of Dollars for Chinese Oil Sales Saudi Arabia is in active talks with Beijing to price some of its oil sales to China in yuan, people familiar with the matter said, a move that would dent the U.S. dollar’s dominance of the global petroleum market and mark another shift by the world’s top crude exporter toward Asia. The talks with China over yuan-priced oil contracts have been off and on for six years but have accelerated this year as the Saudis have grown increasingly unhappy with decades-old U.S. security commitments to defend the kingdom, the people said. The Saudis are angry over the U.S.’s lack of support for their intervention in the Yemen civil war, and over the Biden administration’s attempt to strike a deal with Iran over its nuclear program. Saudi officials have said they were shocked by the precipitous U.S. withdrawal from Afghanistan last year. EXAMINER : In blow to Biden, Saudi … [Read more...] about Editor Daily Rundown: Will Americans Face The Dollar’s Demise?
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