MD in 1MDB probe freed on bail

PUTRAJAYA: A company managing director with the title of Datuk was ordered to be released by the magistrate’s court here after being held in remand for four days to facilitate investigations into 1Malaysia Deve­lopment Bhd.

Magistrate Nik Isfahanie Tasnim Wan Ab Rahim granted the release of the 48-year-old man, the fourth of five individuals who had been remanded in the 1MDB probe, on a Malaysian Anti-Corruption Com­mission (MACC) bail of RM100,000 – RM20,000 in cash and the remaining as oral assurance from two sureties.