KUALA LUMPUR: The High Court was told Tuesday (Sept 1) that 1Malaysia Development Bhd (1MDB) had taken up more loans despite being in RM32bil debt, as it was instructed to do so by fugitive businessman Low Taek Jho and the Prime Minister’s Office (PMO).
Former 1MDB CEO Shahrol Azral Ibrahim Halmi, who was under cross-examination by lawyer Wan Aizuddin Wan Mohamed, said the company had to raise US$3bil (RM12.43bil) to complete the joint venture (JV) between 1MDB and Aabar Investments PJS.
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