KUALA LUMPUR: An audit on 1Malaysia Development Bhd (1MDB) in 2010 would have revealed that the troubled sovereign wealth fund had transferred US$700mil (RM2.9bil) to Good Star Ltd, a company owned and controlled by Low Taek Jho.
But Low and Datuk Seri Najib Razak did not allow this to happen as the National Audit Department was essentially not authorised to conduct an audit and due diligence on 1MDB.
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