How Malaysia approached China with a plan to bail out 1MDB
The court heard how Najib Razak approved a plan to bail out the troubled state by offering stakes in several big projects to Chinese firms
04 September 2019 - 14:56
Kuala Lumpur — Malaysia’s former leader, Najib Razak, approved a plan to bail out troubled state fund 1Malaysia Development Berhad (1MDB) by offering stakes in several big infrastructure projects to Chinese firms in 2016, a former aide told a court on Wednesday.
Najib, who was voted out of power in 2018 amid public anger over alleged graft at 1MDB, is on trial for allegedly receiving hundreds of millions of dollars from the state fund he set up in 2009...
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