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Ex-CEO: 1MDB was set up to fund Umno-linked companies

Hidir Reduan Abdul Rashid

Published
Modified 6 Jan 2021, 9:23 am

1MDB TRIAL | 1MDB was established to funnel money to companies linked to Umno, testified the sovereign wealth fund’s former CEO.

Tenth prosecution witness Mohd Hazem Abdul Rahman confirmed this during the 1MDB corruption trial of former premier Najib Abdul Razak today.

The witness claimed that funds from 1MDB were used to help contractors linked to the political party in the 1MDB-linked Tun Razak Exchange (TRX) mega project.

Hazem was answering a question by the accused's lead defence counsel Muhammad Shafee Abdullah during cross-examination...

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