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1MDB ex-CEO: Najib pressured me to replace 1MDB auditor

This was due to the fact that KPMG had found out that Najib, as 1MDB’s shareholder, was aware of 1MDB’s bogus investments in Brazen Sky Ltd, a company incorporated in the British Virgin Islands by Low Taek Jho (Jho Low), Mohd Hazem told the court during Najib's 1MDB-Tanore graft trial.

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1MDB funds were used for Umno's election campaign during GE13, ex-CEO claims

Former prime minister Datuk Seri Najib Razak had used part of the US$3 billion raised by 1Malaysia Development Bhd (1MDB) — initially intended for the development of the Tun Razak Exchange (TRX) — to acquire land in Ayer Itam, Penang as part of Umno’s campaigning leading up to the 2013 General Elections (GE13), the High Court heard today. According to former 1MDB chief executive officer Mohd Hazem Abdul Rahman, who is currently testifying as the 10th prosecution witness in the 1MDB-Tanore trial, the land was to be utilised to build an affordable housing development.

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1MDB trial to resume after two-week hiatus

1MDB's former CEO Datuk Shahrol Azral Ibrahim Halmi, who has been a witness in the trial since last year, is coming to the tail end of his cross-examination today by Najib’s defence team, led by Tan Sri Muhammad Shafee Abdullah.

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