ECRL and pipeline projects meant to bail out 1MDB, says Najib’s ex-aide

ECRL, two pipeline projects meant to bail out 1MDB, says Najib’s ex-aide KUALA LUMPUR, Sept 4 — The East Coast Rail Link (ECRL), the Trans-Sabah Gas Pipeline and the Multi-Product Pipeline (MPP) that sought investments from China were proposed projects to bail out debt-riddled 1Malaysia Development Berhad (1MDB) and its former subsidiary SRC International Sdn… Continue reading ECRL and pipeline projects meant to bail out 1MDB, says Najib’s ex-aide

Only Najib and Jho Low knew ‘full picture’ of 1MDB plan

Only Najib and Jho Low knew ‘full picture’ of 1MDB plan – former aide NAJIB TRIAL | Only then-prime minister Najib Abdul Razak and financier Jho Low had the “full picture” of manoeuvrings in relation to 1MDB dealings at the time, a former senior aide to Najib told the Kuala Lumpur High Court today. Testifying… Continue reading Only Najib and Jho Low knew ‘full picture’ of 1MDB plan

1MDB had PM’s written approval clause (Article 117) inserted before name change from TIA

Najib’s trial: 1MDB had PM’s written approval clause inserted before name change from TIA KUALA LUMPUR, Aug 29 — The Terengganu Investment Authority (TIA) Berhad had a new clause inserted — known to effectively give the prime minister the power to have the final say — into the company’s constitution, even before it was renamed… Continue reading 1MDB had PM’s written approval clause (Article 117) inserted before name change from TIA