Witness unsure if 1MDB obtained BNM permission for huge transactions

A former chief executive officer of 1MDB yesterday told the Kuala Lumpur High Court that he was not sure whether the company had obtained permission from Bank Negara Malaysia (BNM) to transfer huge amounts of money to various entities.

Mohd Hazem Abdul Rahman, 49, said this during cross-examination by Najib Abdul Razak’s lead counsel Muhammad Shafee Abdullah at the former prime minister’s trial on the misappropriation of RM2.3 billion from 1MDB funds...