PUTRAJAYA: Former chief executive officer (CEO) of Deutsche Bank Malaysia Berhad (DBMB) told the High Court here on Monday (April 21) that the decision to split a US$1bil remittance by 1Malaysia Development Berhad (1MDB) was a business decision made by the company, not something for Bank Negara Malaysia to determine.
Raymond Yeoh Chen Seong, 62, said he called Wan Hanisah Wan Ibrahim from Bank Negara's Foreign Exchange Administration Department to seek clarification about the transaction, which involved sending money to a joint venture with PetroSaudi International Ltd (PSI).
