KUALA LUMPUR: 1Malaysia Development Bhd (1MDB) paid international news agency Bloomberg to list one of its funds in order to improve poor public perception of the investment portfolio, the High Court here heard.
Former 1MDB CEO Mohd Hazem Abd Rahman agreed to suggestions by former prime minister Datuk Seri Najib Razak’s lawyer Tania Scivetti that listing the Bridge Global Absolute Return Fund (BGARF) on Bloomberg would improve issues of legitimacy of the portfolio.
Already a subscriber? Log in.
Limited time offer:
Just RM5 per month.
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!
