‘1MDB bosses duped board in diabolical scheme’


KUALA LUMPUR: The 1Malaysia Development Bhd (1MDB) management misled the company’s board of directors into believing that “money was coming back” to the sovereign wealth fund, the High Court heard.

Former 1MDB non-executive director Tan Sri Ismee Ismail agreed to suggestions by lead counsel Tan Sri Muhammad Shafee Abdullah that the management had executed “the most cunning, most devious, most diabolical” scheme in stealing millions of dollars from the sovereign fund.

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