KUALA LUMPUR: The High Court was told that the proposal of 1Malaysia Development Bhd (1MDB) for the acquisition of Tanjong Energy Holdings Sdn Bhd (TEHSB) at a bid price of RM10.6bil was the decision of the top management of 1MDB, in consultation with Goldman Sachs.
The final decision was by the full board of directors after being briefed by the management, reported Bernama.
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