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1MDB set up for Umno: Ex-CEO | Daily Express Online - Sabah's Leading News Portal


Published on: Thursday, January 07, 2021
By: FMT
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Mohd Hazem Abdul Rahman says Jho Low told him that 1MDB was set up to assist Umno through strategic investments.
Kuala Lumpur: 1Malaysia Development Fund (1MDB) was a company with political links and was set up to assist Umno through strategic investments, the fund’s former CEO said.
Mohd Hazem Abdul Rahman told the Najib Razak corruption trial that this was the perception he had from his conversation with Low Taek Jho, or Jho Low, during a meeting in 2012 before he joined 1MDB.
Former prime minister Najib is facing 25 charges of abuse of power and money laundering over alleged 1MDB funds amounting to RM2.28 billion deposited into his AmBank accounts between February 2011 and December 2014. ....

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