Day in court: Shahrol (left) walking towards the High Court where he testified that 1MDB only raised RM1bil for the KLIFD project.
KUALA LUMPUR: Most of the funds raised by 1Malaysia Development Bhd (1MDB), which were intended for the development of Kuala Lumpur International Financial District (KLFID) known as Tun Razak Exchange (TRX) and Bandar Malaysia, were pumped into PetroSaudi International Ltd (PSI) instead.
The High Court was told that the plan was for 1MDB to raise RM5bil and RM10bil through bridging loan facilities for the TRX and Bandar Malaysia projects.
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