KUALA LUMPUR: The High Court was told that billions that were poured into investments by 1Malaysia Development Bhd failed to bring any profit to the country.
Senior officer Nur Aida Ariffin from the Malaysian Anti-Corruption Commission testified this when rebutting a suggestion by defence counsel Wan Azwan Aiman Wan Fakhruddin at Datuk Seri Najib Razak's RM2.28bil 1MDB trial here on Wednesday . Nur Aida, who is the investigating officer in the 1MDB probe, disagreed and said that the IPP was later sold to investors from China to pay off 1MDB's existing debts.
Nur Aida: Yes, I say that 1MDB suffers losses because TRX was not developed using 1MDB investment money as it was meant to be in the earlier joint venture agreements. 1MDB had to obtain foreign investments from other companies to develop TRX.