Good morning. Here’s what you should know today.

Key Highlights

• Candid camera: Reps discuss bribes

• Muhyiddin to pay Guan Eng RM1.4 million

• U Mobile shareholding changes

Candid camera: Reps discuss bribes

Eight video recordings of assemblypersons purportedly discussing hundreds of thousands in bribes given to them in exchange for supporting a project have surfaced.

This included those holding senior positions in the particular state administration.

In the recordings, a businessperson is heard asking the politicians to return the bribes after the project was cancelled.

The person who recorded the videos wants whistleblower protection, but MACC chief Azam Baki insists an official report be lodged first.

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Muhyiddin to pay Guan Eng RM1.4 million

The High Court ruled that former prime minister Muhyiddin Yassin defamed former finance minister Lim Guan Eng over the alleged revocation of Albukhary Foundation’s tax-exempt status.

Muhyiddin was ordered to pay RM1.35 million in damages and RM50,000 in costs to Lim.

The Bersatu president said he would appeal the court ruling.

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U Mobile shareholding changes

U Mobile’s largest shareholder - Singapore’s Straits Mobile Investment Pte Ltd - will be paring down its shareholding from 49 percent to 20 percent.

This is in line with U Mobile's pledge to reduce its foreign ownership after being appointed as the country's second 5G network operator.

It is not clear who will take up the 29 percent shareholdings that Straits Mobile Investments is giving up.

However, if it doesn’t go to a single owner, then U Mobile’s largest shareholder after the exercise might just be the Yang di-Pertuan Agong, Sultan Ibrahim Sultan Iskandar, who has a 22.3 percent stake in the company.

Meanwhile, Communications Minister Fahmi Fadzil said that the government reserves the right to impose additional conditions on U Mobile to ensure healthy competition.

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