News by Ahmad Naqib Idris

"During my time as prime minister, we terminated the agreement with Singapore for the construction of the HSR on the basis of national sovereignty," the Bersatu president said in his speech at the party's annual general meeting.

Paramount said RM50 million of the proceeds of the disposal will be used for the repayment of bank borrowings, while RM37.8 million will go towards working capital purposes.

These assets are currently held by its subsidiaries.

Former 1MDB director Tan Sri Ismee Ismail: After going through all of this from the information in this trial and news reports, my assumption was that the board [in 1MDB] was being used to make the transactions seem legitimate, to the extent that misleading information was given to us and even concealing information from the board

Former chief financial officer (CFO) Azmi Tahir: At that point, the company was being attacked by The Edge. There were a series of articles questioning our acquisitions of power plants, our IPO [initial public offering] plans and things like that

Mohd Hazem said Deloitte subsequently replaced KPMG as 1MDB's auditor.

"Growth will accelerate to between 5.5% and 6.5% next year."

The decline in consumption and investment activities had more than offset the continued expansion in public sector consumption spending.

The US$3 billion was money raised from bonds issued by 1MDB's subsidiary 1MDB Global Investment Ltd for a 50:50 joint venture between 1MDB and Aabar to develop the TRX.

1MDB former chief financial officer Azmi Tahir: Najib as the prime minister has the ultimate power in making decisions, especially those which concerned investments, financial decisions and national interest, in line with Article 117 of the Memorandum and Articles of Association of 1MDB