KUALA LUMPUR: 1Malaysia Development Bhd (1MDB) had wanted to recover the US$2.3bil (RM10.1bil at current rates) put into the investment company Bridge Global Absolute Return Fund SPC, the High Court has heard.
KUALA LUMPUR: The High Court here was told that 1Malaysia Development Berhad (1MDB) wanted to recover the US$2.3bil invested in Bridge Global Absolute Return Fund SPC.
KUALA LUMPUR (April 5): The board of directors in 1MDB was happy after given a “rosy picture” by former CEO Mohd Hazem Abdul Rahman that the company’s huge investment of US$2.3 billion in an unknown fund will be easily liquidated and returned, said former director Tan Sri Ismee Ismail.