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.
Galakkan pembangunan saksama, lestari serta tangani krisis alam sekitar
Raikan kerencaman dan keterangkuman
Selamatkan demokrasi dan angkatkan keluhuran undang-undang
Lawan rasuah dan kronisme
Support our work by making a donation. Tap to download the QR code below and scan this QR code from Gallery by using TnG e-wallet or most banking apps:
The views expressed in Aliran's media statements and the NGO statements we have endorsed reflect Aliran's official stand. Views and opinions expressed in other pieces published here do not necessarily reflect Aliran's official position.