It's a 'sham': Ex-1MDB CEO tells court of Mastika Lagenda deal

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KUALA LUMPUR: Former prime minister Datuk Seri Najib Razak returned to the courtroom on Monday (Aug 3) for his 1Malaysia Development Bhd (1MBD) trial involving RM2.28bil, just after his conviction over corruption charges in the SRC International Sdn Bhd case last week.

The Pekan MP, who was sentenced to 12 years in jail and a RM210mil fine, is currently out on a RM2mil bail after being granted a stay of execution pending an appeal in the case.

Mastika Lagenda was an investment holding company for Genting Sanyen Power Sdn Bhd, which was previously acquired by 1MDB after getting a blanket approval from Najib who was the finance minister in 2012. The witness also agreed to a suggestion by Wan Aizuddin that the deal was “a sham” to deceive the BOD.The witness was also grilled repeatedly by the defence for his alleged involvement with fugitive businessman Low Taek Jho, or better known as Jho Low, and other individuals in 1MDB.

 

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