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Witness: 1MDB wanted to recover US$2.3b invested in overseas investment company | Malay Mail

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Witness: 1MDB wanted to recover US$2.3b invested in overseas investment company

KUALA LUMPUR, May 11 — The High Court here today was told that 1Malaysia Development Berhad wanted to recover the US$2.3 billion invested in Bridge Global Absolute Return Fund SPC.

The 17th prosecution witness who was referred to the minutes of the meeting said that among the agenda discussed was the directive of 1MDB board members to bring back the investment in Bridge Global Absolute Return Fund SPC to Malaysia. “KPMG Malaysia, 1MDB’s audit firm, has also requested several documents to ensure that the 1MDB Group’s investment in the Bridge Global Absolute Return Fund SPC has been recorded at fair value,” she said when reading out her witness statement at the trial of former prime minister Datuk Seri Najib Razak over charges of embezzling 1MDB funds worth RM2.3 billion.

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