1MDB wanted to recover US$2.3bil invested in overseas investment company, court told

📆 2022/05/12 0:31:00
📰 staronline

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KUALA LUMPUR: The High Court here was told that 1Malaysia Development Berhad (1MDB) wanted to recover the US$2.3bil invested in Bridge Global Absolute Return Fund SPC.

Former 1MDB company secretary Goh Gaik Kim, 54, said the matter was discussed when she attended a meeting on Nov 11, 2013.

"Former 1MDB chief executive officer Mohd Hazem Abdul Rahman said that there were no plans for the liquidation of the investment portfolio. He added that the first half-year dividend of about 3% had just been received. Previously, the court heard that KPMG had yet to sign off on the audit for 1MDB’s financial statement for the financial year ending March 31, 2013, as 1MDB had yet to provide the information that KPMG had been asking for since April 2013.

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