1MDB TRIAL | 1MDB's board of directors never approved the transfer of US$699.3 million from its energy subsidiary to an alleged fake Aabar entity incorporated in Seychelles, the Kuala Lumpur High Court heard today.

Its former CEO, Shahrol Azral Ibrahim Halmi said this during the RM2.28 billion 1MDB corruption trial of former prime minister Najib Abdul Razak today.

During cross-examination by defence counsel...