Former 1MDB chief executive officer (CEO) Mohd Hazem Abdul Rahman told the High Court in Kuala Lumpur today that the company had paid international news agency Bloomberg to list one of its funds to improve poor public perception of the investment portfolio.

Hazem (above), 49, said this during cross-examination by Najib Abdul Razak’s counsel Tania Scivetti at the former prime minister’s trial on misappropriation of RM2.3 billion from 1MDB funds...