News by Emir Zainul

Shahrol testified that 1MDB had in 2011 engaged the services of KPMG and Deloitte to mitigate risks to its investment in the Murabaha deal with PSI.

He said of the total, 1MDB had recovered "hundreds of millions" but could not confirm the exact amount.

According to Former 1Malaysia Development Bhd (1MDB) chief executive officer Datuk Shahrol Azral Ibrahim Halmi, the plan was for 1MDB to raise RM5 billion and RM10 billion through bridging loan facilities for TRX — at the time known as the Kuala Lumpur International Financial District (KLIFD) — and Bandar Malaysia, where the old Sungai Besi military airport was located, respectively.

"Only three of us have this picture. I hope it doesn't go into the internet for Halloween purposes," Shafee told Justice Sequerah.

"... former 1MDB executive director Casey Tang Keng Chee was "1MDB Officer 1" in the DoJ's report."

This follows what the former premier had said in a meeting that he does not want to destroy the country.

The defence's argument is basically the authenticity of the documents is being questioned, and the court should not admit them.

Lead defence counsel Tan Sri Muhammad Shafee Abdullah argued that while a person can be charged under Anti-Money Laundering, Anti-Terrorism Financing and Proceeds of Unlawful Activities Act 2001 (AMLATFA) without being charged for the predicate offence, that does not mean the prosecution is excused from proving the predicate offence.

"However, the independent valuation was never done."

This means Musa is left with 30 charges of bribery amounting to about US$50.26 million.