News by Timothy Achariam

Former chief financial officer (CFO) Azmi Tahir: At that point, the company was being attacked by The Edge. There were a series of articles questioning our acquisitions of power plants, our IPO [initial public offering] plans and things like that

Mohd Hazem said Deloitte subsequently replaced KPMG as 1MDB's auditor.

The US$3 billion was money raised from bonds issued by 1MDB's subsidiary 1MDB Global Investment Ltd for a 50:50 joint venture between 1MDB and Aabar to develop the TRX.

1MDB former chief financial officer Azmi Tahir: Najib as the prime minister has the ultimate power in making decisions, especially those which concerned investments, financial decisions and national interest, in line with Article 117 of the Memorandum and Articles of Association of 1MDB

“It appears that 1MDB’s finances were run like a Chinese coffee shop on Petaling Street," said prosecutor Datuk Seri Gopal Sri Ram

"We have fixed the root cause which allowed this to happen."

The article entitled was written by Ezumi in November 2018 as a rebuttal to an earlier article by Sundra in December 2017.

The former prime minister filed the legal action against Putrajaya and Thomas for alleged malicious abuse of process, misfeasance in public office and negligence, according to the statement of claim sighted by The Edge on Tuesday.

Shafee, who had surrendered his passport to the court as part of his bail terms in his ongoing criminal trial, stated that he needs to fly to New York to accompany his son who is continuing his higher education in the US.

During Friday’s proceedings, deputy public prosecutor Budiman Lutfi Mohamed informed the judge that Clyde & Co had responded to the Attorney-General’s Chambers in writing that it did not intend to respond to the affidavit served to the law firm by the prosecution