YR1M witness: 1MDB was a funder

Ng will waive extradition to the United States on Friday during an appearance in a court in Malaysia, according to his lawyer Marc Agnifilo.

KUALA LUMPUR: The former CEO of Yayasan Rakyat 1Malaysia (YR1M) Ung Su Ling told the High Court here that 1MDB, Petronas and Genting Group were the funders of YR1M, which was set up in January 2013.

Ung, 51, the 49th prosecution witness, said this when cross-examined by Datuk Seri Najib Razak’s counsel Tan Sri Muhammad Shafee Abdullah on the 38th day of the former prime minister’s trial in relation to the misappropriation of RM42mil of SRC International Sdn Bhd’s funds.