Ex-1MDB chief admits part in running fund to the ground

Hailey Chung Wee Kye

Former prime minister Najib Razak is charged with power abuse and laundering 1MDB funds amounting to RM2.28 billion deposited into his AmBank accounts between 2011 and 2014. – The Malaysian Insight file pic, November 10, 2021.

FORMER 1Malaysia Development Bhd (1MDB) chief Mohd Hazem Abdul Rahman today admitted in court his role in helping to “run the company to the ground” during his tenure.

Hazem conceded during questioning by the defence that he was “to a certain extent” responsible for getting the state-owned investment fund into financial difficulties, in the Kuala Lumpur High Court.

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