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Najib prevented ex-CEO from repatriating US$2.7b 1MDB bonds: Witness

This article is 5 months old

1MDB TRIAL | Former prime minister Najib Abdul Razaz prevented former 1MDB CEO Mohd Hazem Abdul Rahman from repatriating US$2.7 billion (RM12.7 billion) of funds raised by 1MDB in a 2013 bond exercise, claimed a MACC investigating officer.

Nur Aida Arifin told the Kuala Lumpur High Court that following an advisory from fugitive businessperson Low Taek Jho (Jho Low), Najib did not permit a request from Hazem to bring back the funds.

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