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.
Ex-1MDB CEO denies striking a deal to have his name dropped from 1MDB lawsuit 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.
Published on: Friday, May 28, 2021
By: Bernama
Text Size:
Kuala Lumpur: Former chief executive officer of 1Malaysia Development Berhad (1MDB) told the High Court here that the 1MDB board of directors was involved in a ‘sandiwara’ (stage play) to conceal the overseas funds of the sovereign wealth fund belonged to Umno.
Tenth prosecution witness Mohd Hazem Abd Rahman said this when cross-examined by Datuk Seri Najib Tun Razak’s lawyer, Wan Aizuddin Wan Mohammed, in the former premier’s trial involving misappropriation of RM2.3 billion from 1MDB funds.
When asked why he did not put on record during the 1MDB board meeting on Feb 27, 2014, that the overseas overseas supposedly belonged to Umno, the witness said “this was a scheme and this was not supposed to be put on record”.
KUALA LUMPUR: The High Court was told that 1Malaysia Development Bhd (1MDB)'s board of directors were part of a "sandiwara" (drama) that concealed information about 1MDB funds being channelled to Umno.
Published on: Thursday, May 20, 2021
By: Bernama
Text Size:
Kuala Lumpur: The validity of signatures on key bank documents for millions of ringgit of transfers was raised by Datuk Seri Najib Tun Razak’s
(pic) defence team during the trial of his 1Malaysia Development Berhad (1MDB) case at the High Court here Wednesday.
The issue, however, was objected to by the prosecution.
Najib’s counsel Wan Aizuddin Wan Mohammad brought up the issue when cross-examined the former chief executive of 1MDB Mohd Hazem Abd Rahman.
ADVERTISEMENT
Wan Aizuddin: Look at the signatures on the transfer instructions involving millions of ringgit from 1MDB Global Investments Limited (1MDB-GIL) to several other entities. Do you know whose signatures were there?