Bank Negara blocked 1MDB's RM4.9bil loan application in 2014, High Court told

By NURBAITI HAMDAN

KUALA LUMPUR: Bank Negara had rejected an application from 1Malaysia Development Bhd (1MDB) for permission to borrow approximately RM4.9bil in funds from offshore sources in 2014, the High Court heard.

Former Bank Negara governor Tan Sri Dr Zeti Akhtar Aziz testified that the application was rejected due to the company's high level of debt.

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Court , Najib , 1MDB , Bank Negara , Loan , Investment , Zeti

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