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.
Already a subscriber? Log in
Get 20% OFF The Star Digital Access
Cancel anytime. Ad-free. Unlimited access with perks.
