KUALA LUMPUR: The board of directors (BOD) of 1Malaysia Development Bhd (1MDB) was duped by the company’s management when it misled the board into believing that "money was coming back" to the sovereign wealth fund, the High Court heard.
KUALA LUMPUR, April 4 Former prime minister Datuk Seri Najib Razak’s metaphorical “fingerprints” could not be seen over the mishandling of 1Malaysia Development Berhad’s (1MDB) funds worth billions of ringgit, based on the documents shown so far by his lawyer, a witness told the High.
CEO should be sent to jail court told thestar.com.my - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thestar.com.my Daily Mail and Mail on Sunday newspapers.
Najib s lawyer accuses former 1MDB CEO of CBT and money laundering thestar.com.my - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thestar.com.my Daily Mail and Mail on Sunday newspapers.
KUALA LUMPUR: The High Court was told that 1Malaysia Development Bhd (1MDB) had paid Bloomberg, a privately-held media company, to list one of its funds to improve poor public perception of the investment portfolio.