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.

Get 20% OFF The Star Digital Access

Monthly Plan

RM 13.90/month

RM 11.12/month

Billed as RM 11.12 for the 1st month, RM 13.90 thereafter.

Best Value

Annual Plan

RM 12.33/month

RM 9.87/month

Billed as RM 118.40 for the 1st year, RM 148 thereafter.

Follow us on our official WhatsApp channel for breaking news alerts and key updates!
Najib Razak , 1MDB , 1MDB-GIL , Cabinet , Bond Issuance , Letter , Cabinet , MACC

Next In Nation

Anwar extends condolences over death of MRSM founder Abdul Wahab
Three killed in two-vehicle crash in Kota Tinggi
Two women suffer head injuries after being thrown from Melaka theme park water slide
MetMalaysia warns of bad weather in several states until 9pm, issues advisory for Tropical Storm Narra
About 42% of 51.4ha Punggai bushfire extinguished, Bomba continues to battle flames
MyKad printing services to face disruptions from Aug 26-31
Pahang Sultan urges public to take precautions as haze worsens
Zalena pushes through cancer treatment to support husband Ayob Khan at Maulidur Rasul ceremony
Mother’s boyfriend remanded over alleged harassment of 15-year-old girl
Sunway confirms coaster mishap, cooperating with probe on incident

Others Also Read