Ex-CEO: 1MDB funds used to buy land in Penang, linked to GE13

Hidir Reduan Abdul RashidPublished: Sep 15, 2020 3:55 AM | Updated: Sep 15, 2020 5:13 AM

1MDB TRIAL | Part of the US$3 billion (RM12.4 billion) bond raised by 1MDB in 2013 was used to acquire land in Ayer Itam, Penang, the Kuala Lumpur High Court heard today.

According to former 1MDB CEO Mohd Hazem Abdul Rahman, the land became part of Umno's campaign material.

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