KUALA LUMPUR: National sovereign wealth fund 1Malaysia Development Bhd (1MDB) was exempted from an audit by the National Audit Department (NAD) in 2009 after former prime minister Datuk Seri Najib Razak issued a letter on the matter.
The High Court heard from Malaysian Anti-Corruption Commission (MACC) senior officer Nur Aida Ariffin, 37, that the Finance Ministry, through the Treasury secretary-general, had recommended for 1MDB to be audited by the NAD as part of due diligence.
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