KUALA LUMPUR: The High Court was told that the proposal of 1Malaysia Development Bhd (1MDB) for the acquisition of Tanjong Energy Holdings Sdn Bhd (TEHSB) at a bid price of RM10.6bil was the decision of the top management of 1MDB, in consultation with Goldman Sachs.
KUALA LUMPUR: Datuk Seri Najib Razak’s lawyer has refuted claims by former 1Malaysia Development Bhd (1MDB) general counsel Jasmine Loo that its board of directors blindly followed the ex-premier’s instructions to the company “like lambs to slaughter.”
Najib claims the king had issued an addendum to his original decree that would allow Najib to serve his reduced sentence ‘under condition of home arrest’.
KUALA LUMPUR: A former 1Malaysia Development Bhd (1MDB) general counsel told the High Court that her knowledge of PetroSaudi International (PSI) Ltd, a company with which 1MDB had entered into a joint venture (JV), came from documents.
KUALA LUMPUR: The graft trial of Datuk Seri Najib Razak involving 1Malaysia Development Bhd (1MDB) at the High Court here was halted as the former prime minister was not well.