KUALA LUMPUR: The government has to bear the repayment of a US$3bil (RM13.26bil currently) loan undertaken by 1Malaysia Development Bhd (1MDB), the High Court here heard.
Prosecution witness Datuk Siti Zauyah Md Desa, a former deputy secretary-general at the Finance Ministry, testified that 1MDB had failed to repay its debt according to agreed terms, so the government had to foot the repayment as the letter of support (LOS) for the loan was signed by Datuk Seri Najib Razak, the finance minister at that time in 2013.
Already a subscriber? Log in.
Save 30% for ads-free and full access now!
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
