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Witness: Issuance of LOS for US$3bil loan for 1MDB done in haste

KUALA LUMPUR: A former Finance Ministry deputy secretary-general told the High Court on Tuesday (Sept 27) the issuance of a government letter of support (LOS) to secure a US$3bil loan for the joint venture between 1Malaysia Development Berhad (1MDB) and Aabar Investment BVI Co was done in haste.

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Witness: 1MDB wouldn't tell how US$3bil was spent

KUALA LUMPUR: The management of 1Malaysia Development Bhd (1MDB) refused to give any feedback on how the money was spent after securing a US$3bil loan with a letter of support (LOS) issued by the government.

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Ex-MoF officer: Najib-signed letter of support for 1MDB's US$3b fundraising made Malaysian govt appear weak

KUALA LUMPUR, Sept 6 — The fact that the Finance Ministry’s letter of support was needed for a US$3 billion (RM13.4 billion) fundraising exercise by government-owned 1Malaysia...

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Issuance of letters of support to secure loans points to weak government, High Court told

KUALA LUMPUR: The practice of issuing government letters of support (LOS) to secure loans only points to a weak government, the High Court heard.

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Malaysia weak when backing US$3b 1MDB loan, says former MOF officer

Malaysia weak when backing US$3b 1MDB loan, says former MOF officer
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Kuala-lumpur , Malaysia , Abu-dhabi , Mohd-irwan-serigar-abdullah , Najib-razak , Siti-zauyah , Datuk-collin-lawrence-sequerah , Ministry-of-finance , Malaysia-development-bhd , Goldman-sachs , Datuk-siti-zauyah-mohd-desa , Development-bhd

1MDB management unresponsive after securing US$3bil loan, says witness

KUALA LUMPUR: The High Court here on Tuesday (Sept 6) was told that the management of 1Malaysia Development Berhad (1MDB) never gave any feedback after securing a US$3bil (RM13.5bil) loan through a letter of support (LOS) issued by the government.

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Witness not sure if 1MDB support letter brought up in Parliament

Witness not sure if 1MDB support letter brought up in Parliament
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Kuala-lumpur , Malaysia , Najib-razak , Siti-zauyah , Malaysia-development-bhd , Incorporated-mof-inc , High-court , Development-bhd , Finance-ministry , Datuk-siti-zauyah-mohd-desa , Finance-incorporated , Mof-inc

Witness unsure if 1MDB support letter for RM1bil loan brought up in Parliament

KUALA LUMPUR: A witness has told the High Court here Monday (Sept 5) that she is unsure if the process involving the issuance of a letter of support (LOS) for the RM1bil loan application submitted by 1Malaysia Development Berhad (1MDB) to the Finance Ministry was brought up in Parliament.

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Witness leaves lawyer irked

KUALA LUMPUR: A former senior government official who claimed to be ignorant about her own witness statement left Datuk Seri Najib Razak’s defence counsel, Tan Sri Muhammad Shafee Abdullah, livid.

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1MDB-Tanore trial: Defence lawyer baffled as prosecution witness says 'I don't know' about case's basic facts

In a rare scene in Malaysian court proceedings, former Finance Ministry deputy secretary general (policy) Datuk Siti Zauyah Mohd Desa said on Thursday (Aug 25) she was not involved in drafting her sworn witness testimony and that she was not aware of its content although she had signed off the document.

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