It was not for Najib’s benefit

KUALA LUMPUR: The joint venture between 1Malaysia Development Bhd (1MDB) and PetroSaudi International Ltd (PSI) involving billions of dollars was not for the benefit of Datuk Seri Najib Razak who was the prime minister then, the High Court heard.

Witness Tan Sri Ismee Ismail, who was a non-executive director of 1MDB, agreed to a suggestion by Najib’s lawyer Datuk Hariharan Tara Singh that the project was meant for the interest and advantage of the sovereign wealth fund.