The reason 1MDB agreed to an exorbitant interest rate for a US$1.75bn loan to buy a power plant is that it did not bother to negotiate a lower rate, a witness told the Najib Razak 1MDB trial on 27 January.
Instead, it just took the word of its bond arranger, Goldman Sachs, who was also its financial advisor, no questions asked.
Patrick Teoh presents for the Malaysian Insight.
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Galakkan pembangunan saksama, lestari serta tangani krisis alam sekitar
Raikan kerencaman dan keterangkuman
Selamatkan demokrasi dan angkatkan keluhuran undang-undang
Lawan rasuah dan kronisme
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