1MDB management conned Najib over investment agreement - witness

The High Court today was told that the management of 1Malaysia Development Berhad (1MDB) had conned former prime minister Najib Abdul Razak and the company’s board of directors (BOD) into entering an investment agreement with its purported business partner PetroSaudi International Limited (PSI).

Former non-executive director of 1MDB Ismee Ismail, 58, who agreed with Najib’s lead counsel Muhammad Shafee Abdullah’s suggestion, also admitted that several members of the management had misled Najib and the BOD by crafting detailed proposals to enter into the investment agreement.

The lawyer then...