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Ex-CEO says Jho Low's 'nefarious' 1MDB plans involved Najib, the 'most powerful person' in Malaysia | Malaysia

Monday, 17 May 2021 05:12 PM MYT
BY IDA LIM
Former 1MDB CEO Mohd Hazem Abd Rahman is pictured at the Kuala Lumpur High Court January 6, 2021. — Picture by Yusof Mat Isa
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KUALA LUMPUR, May 17 — Datuk Seri Najib Razak as the prime minister then was involved in Low Taek Jho’s “nefarious agenda” for 1Malaysia Development Berhad (1MDB) when the government-owned firm’s subsidiary raised US$3 billion of funds in 2013, a former 1MDB CEO claimed in court today.
Mohd Hazem Abd Rahman, a former CEO of 1MDB from March 2013 to early January 2015, said this while being cross-examined as the 10th prosecution witness in Najib’s ongoing trial over power abuse and money laundering charges involving more than RM2 billion of 1MDB funds.

Kuala-lumpur , Malaysia , United-kingdom , British , Najib-razak , Miera-zulyana , Datuk-lokman-noor-adam , Collin-lawrence-sequerah , Abu-dhabi , Datuk-peter-anthony , Taek-jho , Mohd-hazem

SBP Approves Samba Bank's Issuance of Rs. 5 Billion TFCs

The State Bank of Pakistan (SBP) has granted its final approval to Samba Bank Limited for issuance of Rated, Privately Placed, Unsecured, and Subordinated

Saudi-arabia , Pakistan , Pakistanis , Financial-group-of-saudi-arabia , Roshan-digital-account-services , Samba-bank , Memorandum-articles-of-association , Samba-bank-crosses-profit-of-rs , State-bank , Samba-bank-limited , Privately-placed