KUALA LUMPUR: KPMG was replaced as the auditor of 1Malaysia Development Bhd (1MDB) due to an “impasse” that could not be resolved between the audit firm and the company, the High Court has been told.
KUALA LUMPUR: Datuk Seri Najib Tun Razak never put pressure on KPMG Malaysia to sign off on the 2013 1Malaysia Development Berhad (1MDB) financial statement, contends his lawyer Tan Sri Muhammad Shafee Abdullah (pic).
KUALA LUMPUR: The High Court was told that KPMG was replaced as the auditor of 1Malaysia Development Bhd (1MDB) due to an “impasse” that could not be resolved between the audit firm and the company.
KUALA LUMPUR: Former 1Malaysia Development Berhad (1MDB) chief financial officer (CFO) on Monday (April 18) told the High Court here that he did not take any initiative to investigate the authenticity of two fake entities that received huge funds from 1MDB subsidiary, namely 1MDB Energy Holdings Limited (1MEHL) in 2014.