Ex-CEO: 1MDB funds used to buy land in Penang, linked to GE13

1MDB TRIAL | Part of the US$3 billion (RM12.4 billion) bond raised by 1MDB in 2013 was used to acquire land in Ayer Itam, Penang, the Kuala Lumpur High Court heard today.

According to former 1MDB CEO Mohd Hazem Abdul Rahman, the land became part of Umno's campaign material.

"When Najib (Abdul Razak, the accused) was campaigning in Penang, he said...