Consistently, the Auditor-General (AG) has found that the board of the troubled 1Malaysia Development Bhd (1MDB) was not consulted on several occasions – right from its issuance of bonds to investments in oil and gas (O&G) activities and purchase of power plants.
The problem with 1MDB started from its inception in February 2009. It was then known as the Terengganu Investment Authority (TIA), where Low Taek Jho or better known as Jho Low was the adviser.
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