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KUALA LUMPUR: Datuk Seri Najib Razak had obtained the Cabinet’s unanimous approval for a letter of support for the issuance of US$3bil in bonds by a subsidiary of 1Malaysia Development Bhd (1MDB), 1MDB Global Investment Bhd (1MDB-GIL), the High Court has heard.
KUALA LUMPUR: Datuk Seri Najib Razak obtained unanimous approval from the Cabinet in 2013 to approve a letter of support for the issuance of US$3bil in bonds by a subsidiary of 1Malaysia Development Bhd (1MDB), 1MDB Global Investment Bhd (1MDB-GIL), the High Court heard.
KUALA LUMPUR (Bernama): The validity of signatures on key bank documents for millions of ringgit of transfers was raised by Datuk Seri Najib Tun Razak's defence team during the trial of his 1Malaysia Development Berhad (1MDB) case at the High Court here on Wednesday (May 19). 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. Wan Aizuddin: Look at the signatures on the transfer instructions involving millions of ringgit from 1MDB Global Investments ...
KUALA LUMPUR (Bernama): Former 1Malaysia Development Berhad (1MDB) chief executive officer (CEO) told the High Court on Monday (May 17) that he had suspicions that some illegal activities were happening in the company between Datuk Seri Najib Tun Razak and fugitive businessman Low Taek Jho, or Jho Low over the US$3bil (RM12.39bil) bond issuance. The US$3bil bond issuance involved 1MDB Global Investments Limited (1MDB GIL) to Abu Dhabi-Malaysia Investment Company (ADMIC). Mohd Hazem Abd Rahman, 47, however, said he never asked Najib, who was the prime minister at that time, to clarify the matt...