Witness: 1MDB wouldn’t tell how US$3bil was spent

A man of many hats: Najib being led into court yesterday. He was prime minister, finance minister and chairman of the 1MDB board of directors when the LOS for the US$1.3bil loan was given.

KUALA LUMPUR: The management of 1Malaysia Development Bhd (1MDB) refused to give any feedback on how the money was spent after securing a US$3bil loan with a letter of support (LOS) issued by the government.

Former Finance Ministry deputy secretary-general Datuk Siti Zauyah Mohd Desa told the High Court that many efforts were made by the ministry to get information from 1MDB on how the US$3bil was used, but the company never responded.