Malaysia

Ex-1MDB Chairman expressed discontent over US$700 million diversion, ex-cop says

Former investigating officer testified that Mohd Bakke had voiced his displeasure about the diversion during the recording of his statement

Updated 1 year ago · Published on 25 Mar 2025 6:14PM

Ex-1MDB Chairman expressed discontent over US$700 million diversion, ex-cop says
Mohd Bakke and the board were unhappy about the nature of the US$1 billion joint venture agreement signed between 1MDB and Petrosaudi International Limited (PSI) - March 25, 2025

THE High Court was informed today that Tan Sri Mohd Bakke Salleh, the former chairman of 1Malaysia Development Berhad (1MDB), was dissatisfied with the diversion of US$700 million from the sovereign wealth fund's assets in 2009.

R. Rajagopal, a former investigating officer with 1MDB and the ex-head of Bukit Aman’s Commercial Crime Investigation Department (CCID), testified that Mohd Bakke had voiced his displeasure about the diversion during the recording of his statement as part of an ongoing investigation.

Rajagopal, who was called as the 11th defence witness, responded to questions posed by Datuk Seri Najib Tun Razak’s lead counsel, Tan Sri Muhammad Shafee Abdullah, during the trial concerning the alleged misappropriation of RM2.3 billion from 1MDB funds.

“He (Mohd Bakke) said that he and the board were unhappy about the nature of the US$1 billion joint venture agreement signed between 1MDB and Petrosaudi International Limited (PSI) in September 2009, as well as the subsequent diversion of US$700 million allocated for the joint venture,” Rajagopal explained.

The former officer added that the US$700 million had ultimately been redirected to Good Star Limited, a company owned by the fugitive businessman Low Taek Jho, also known as Jho Low.

On 30 October of the previous year, Judge Datuk Collin Lawrence Sequerah ruled that Najib must enter his defence, after determining that the prosecution had established a prima facie case against him.

Najib, aged 71, faces 25 charges in total, including four counts of abusing his position to accept RM2.3 billion in bribes from 1MDB funds and 21 charges of money laundering linked to the same amount.

The trial continues tomorrow. – March 25, 2025

Spotlight

Malaysia

Sarawak schools told to halt outdoor activities as haze pushes air quality into unhealthy range

World

Indonesia haze forces schools to close as wildfires intensify amid severe dry season

Malaysia

PN walkout over Tabung Haji debate a political misstep, says analyst

By Alfian Z.M. Tahir

Malaysia

51 witnesses to testify at inquest into death of 10-year-old boy found unconscious in school toilet

Malaysia

Female student arrested for allegedly hurting classmate with kerambit at school

World

Colombia quake death toll hits 111 as rescue teams race to find survivors

World

Trump secretly switched to third aircraft in Türkiye over Iran assassination threat

Malaysia

Anwar questions PN’s priorities after Tabung Haji RCI walkout

Malaysia

MACC, police probing TH after RCI findings as govt warns no one will be spared

By Alfian Z.M. Tahir

You may be interested

Malaysia

78-year-old woman killed in crocodile attack while collecting snails in Sarawak

Malaysia

Sarawak schools told to halt outdoor activities as haze pushes air quality into unhealthy range

Malaysia

Anwar expected to leave hospital today after successful treatment

Malaysia

Police investigate case of knife-wielding woman who damaged vehicle (video)

Malaysia

Malaysian held in Chennai after 4kg of high-grade hydroponic cannabis seized

Malaysia

Muhyiddin urges end to political appointments in Tabung Haji leadership

Malaysia

Malaysia unveils RM4.3 billion renewable energy pipeline as ISES 2026 opens

Malaysia

PN walkout over Tabung Haji debate a political misstep, says analyst

By Alfian Z.M. Tahir