1MDB’s failure to do proper due diligence led the company into being deceived in a spectacular manner. Patrick Teoh presents for the Malaysian Insight.
Najib Razak’s lawyer Shafee Abdullah observed that the company must have been run by a bunch of idiots to have fallen into so many pits. The lawyer said this is in response to the witnesses’ reply that no due diligence was done in a $6bn deal which saw 1MDB send funds to the wrong company.
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