KUALA LUMPUR: A government letter of support (LOS) to secure a US$3bil loan for the joint venture between 1Malaysia Development Berhad (1MDB) and Aabar Investment BVI Co was issued “in great speed” within days.
A former Finance Ministry deputy secretary-general told the High Court that the issuance was “a first of its kind” and was done without due diligence on the project cash flow, Bernama reported.
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