KUALA LUMPUR, May 25 — The 1Malaysia Development Berhad (1MDB) management and several bank officers did not conspire to defraud former prime minister Datuk Seri Najib Razak...
Former prime minister Datuk Seri Najib Razak arrives for the 1MDB trial at the Kuala Lumpur High Court May 25, 2024. — Bernama picKUALA LUMPUR, May 25 — The 1Malaysia Development Berhad management and several bank officers did not conspire to defraud former prime minister Datuk Seri Najib Razak and Malaysians regarding 1MDB’s investment monies, the High Court was told today.
Wan Azwan Aiman: Azmi and Mohd Hazem both held high posts in 1MDB and they knew that 1MDB funds were for overseas investments purportedly held by Brazen Sky Ltd. That was only a charade because it did not exist.Wan Azwan Aiman: It is a sham they orchestrated to give the illusion that investments in the portfolios have been redeemed.
Brazen Sky Ltd is a Special Purpose Vehicle set up by Jho Low and his associates on July 12, 2012, to repatriate investment monies by 1MDB. Meanwhile, during today’s proceedings, Nur Aida admitted that she did not refer Najib to several documents purportedly signed by the former Pekan MP in relation to the US$975 million loan obtained from Deustche Bank during Najib’s statement recording throughout her investigation.
Najib Razak High Court Nur Aida Ariffin
Malaysia Latest News, Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
MACC received thousands of documents when investigating 1MDB case, witness tells courtKUALA LUMPUR, May 2 — The High Court here was told today that the Malaysian Anti-Corruption Commission (MACC) had received thousands of documents when conducting an investigation...
Read more »
Najib believed Blackstone owned by Saudi Arabia, witness tells courtPolice in India arrested a man at the New Delhi international airport on April 25 for impersonating a Singapore Airlines (SIA) pilot, after he was found walking around the airport dressed in full pilot gear.
Read more »
1MDB trial: Najib provided ample opportunity to provide explanation during questioning by MACC, IO tells courtKUALA LUMPUR, April 26 — Datuk Seri Najib Razak was accorded ample opportunity to provide detailed explanation during his interrogation by the Malaysian Anti-Corruption...
Read more »
Anwar Says Najib's Request for House Arrest Should be Considered After 1MDB Trial is OverJailed former Prime Minister Datuk Seri Najib Razak is never far away from making headlines despite being in prison.
Read more »
Anwar suggests for King to decide on Najib's house arrest bid after 1MDB trialSpending time online may boost your well-being, the results of a large international study revealed May 13.
Read more »
1MDB trial: Najib obtained Cabinet approval for US$3bil bond issuance, court hearsLondon’s employers are letting more staff work entirely from home, according to a prominent recruitment firm, with workers keen to earn the premium paid by jobs in the capital without enduring its high living costs.
Read more »