News by Ahmad Naqib Idris

Former 1MDB director Tan Sri Ismee Ismail: After going through all of this from the information in this trial and news reports, my assumption was that the board [in 1MDB] was being used to make the transactions seem legitimate, to the extent that misleading information was given to us and even concealing information from the board

Former chief financial officer (CFO) Azmi Tahir: At that point, the company was being attacked by The Edge. There were a series of articles questioning our acquisitions of power plants, our IPO [initial public offering] plans and things like that

Mohd Hazem said Deloitte subsequently replaced KPMG as 1MDB's auditor.

The US$3 billion was money raised from bonds issued by 1MDB's subsidiary 1MDB Global Investment Ltd for a 50:50 joint venture between 1MDB and Aabar to develop the TRX.

1MDB former chief financial officer Azmi Tahir: Najib as the prime minister has the ultimate power in making decisions, especially those which concerned investments, financial decisions and national interest, in line with Article 117 of the Memorandum and Articles of Association of 1MDB

“It appears that 1MDB’s finances were run like a Chinese coffee shop on Petaling Street," said prosecutor Datuk Seri Gopal Sri Ram

Representatives from Lebanese jewellery firm Global Royalty Trading SAL carried out the physical inspection of the seized items.

“The items forfeited were RM537,000, £2,700 and Sri Lankan Rupee 2.87 million.”

The witness also testified that Arul Kanda had told them about this seizure and informed them that had it not been for the raid, he would have furnished the documents.

It was reported that Mohd Hazem Abdul Rahman’s last drawn monthly salary at 1MDB was RM97,000, and that he had once received a bonus amounting to 10 months’ worth of his salary