1MDB trial: Najib obtained Cabinet approval for US$3bil bond issuance, court hears

KUALA LUMPUR: Datuk Seri Najib Razak obtained unanimous approval from the Cabinet in 2013 to approve a letter of support for the issuance of US$3bil in bonds by a subsidiary of 1Malaysia Development Bhd (1MDB), 1MDB Global Investment Bhd (1MDB-GIL), the High Court heard.

Senior officer Nur Aida Arifin, 37, from the Malaysian Anti-Corruption Commission (MACC), agreed with a suggestion by Najib's lawyer, Wan Azwan Aiman Wan Fakhruddin, that Najib, as the then finance minister, had attended a Cabinet meeting on March 13, 2013, and presented a memo before the ministers for their approval on the bond.