KUALA LUMPUR: Former prime minister Datuk Seri Najib Razak should have been worried when he was informed that US$1bil (RM4.4bil) was transferred by 1Malaysia Development Bhd (1MDB) to two overseas accounts including US$700mil (RM3.1bil) that was diverted, the High Court has heard.
KUALA LUMPUR: Former prime minister Datuk Seri Najib Razak did not respond when he was informed about a US$1bil (RM4.4bil) that was transferred by 1Malaysia Development Bhd (1MDB) to two overseas accounts, including a US$700mil (RM3.08bil) that was diverted to a different account, the High Court heard.
KUALA LUMPUR: 1Malaysia Development Bhd (1MDB) wanted to accelerate a US$1bil remittance into two accounts including an account which was later revealed to be linked to fugitive businessman Low Taek Jho or Jho Low, the High Court heard.
A former managing director at Deutsche Bank (M) Bhd told the High Court on Tuesday (June 21) that 1Malaysia Development Bhd (1MDB) in 2009 wanted the bank to accelerate a US$1 billion remittance for a 40% stake in a joint venture company (JVCo) known as 1MDB PetroSaudi Ltd because then prime minister Datuk Seri Najib Tun Razak wanted to make a press statement on the JV.