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The Najib Razak 1MDB Trial Ep 69: Rapid government backing for 1MDB debt

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A letter from the government agreeing to act as ultimate guarantor for a 1MDB project debt was issued so quickly.

Signed by former finance minister Najib Razak, the letter arrived just two days after the 1MDB directors agreed to raise $3bn for the Tun Razak Exchange joint venture.

This was the testimony on 18 November of former 1MDB director Ismee Ismail, who also said that the 1MDB board had felt being used to only legitimise transactions. He said the board realised this after revelations from when 1MDB investigations started and throughout the 1MDB trials.

Patrick Teoh presents for the Malaysian Insight.

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