Court date: Muhammad Shafee arriving at the KL High Court yesterday. — S.S. KANESAN/The Star.
KUALA LUMPUR: The management of 1Malaysia Development Bhd (1MDB) embarked on a multibillion-dollar strategic investment joint venture with PetroSaudi International Ltd (PSI) without getting approval from Datuk Seri Najib Razak, the High Court heard.
In a cross-examination by Najib’s lead counsel Tan Sri Muhammad Shafee Abdullah, former 1MDB non-executive director Tan Sri Ismee Ismail agreed that the management had never advised the board of directors to obtain Najib’s approval in matters involving the company’s transactions.
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