1MDB TRIAL | The former chief executive officer of Deutsche Bank Malaysia Berhad (DBMB) told the Kuala Lumpur High Court today that the decision to split a US$1 billion remittance by 1MDB was a business decision made by the company, not something for Bank Negara Malaysia (BNM) to determine.

Raymond Yeoh Chen Seong, 62, said he called Wan Hanisah Wan Ibrahim from BNM’s Foreign Exchange Administration Department to seek clarification about the transaction, which involved sending money to a joint venture with Petrosaudi International Ltd (PSI).