Najib's affordable housing project in Penang that used 1MDB's funds never materialised, says former CEO
KUALA LUMPUR (Feb 9): An affordable housing development project in Ayer Itam, Penang — which used up part of the US$3 billion raised by 1Malaysia Development Bhd (1MDB) initially intended for the development of the Tun Razak Exchange (TRX) — never saw the light of day, the High Court heard today.