Malaysia

Najib did nothing to dissociate himself from Jho Low: 1MDB ex-CEO

Former PM never issued instructions to disobey businessman’s instructions in company matters, court hears

Updated 4 years ago · Published on 15 Nov 2021 10:47PM

Najib did nothing to dissociate himself from Jho Low: 1MDB ex-CEO
Datuk Seri Najib Razak, 68, is facing four charges of using his position to obtain bribes totalling RM2.3 billion from 1MDB funds and 21 charges of money laundering involving the same amount. – Bernama pic, November 15, 2021

KUALA LUMPUR – The high court today was told that former prime minister Datuk Seri Najib Razak did not say or do anything to dissociate himself from fugitive businessman Low Taek Jho.

Testifying under re-examination by senior deputy public prosecutor Datuk Seri Gopal Sri Ram, former 1Malaysia Development Bhd (1MDB) chief executive officer Mohd Hazem Abdul Rahman said Najib had never issued any instruction to not comply with the instructions given by Low in all matters related to 1MDB.

Sri Ram: “When you had the meeting at the accused’s (Najib) house and Low was present, what was your observation of the relationship between Low and the accused?”

Hazem: “It was very, very close.”

Sri Ram then asked the 49-year-old witness why he obeyed instructions from Low, to which Hazem said all the instructions from Low “came from Najib himself”.

Questioned further by Sri Ram on why he would follow instructions from Low, the 10th prosecution witness said: “Low is basically the PM’s man.”

Hazem also said that Low’s role in 1MDB was concealed during meetings with accounting firm KPMG Malaysia to discuss the company’s audit because Low himself had asked that his name not be revealed.

Further questioned about the removal of KPMG Malaysia as the strategic development company’s auditor, Hazem said the audit firm refused to sign off 1MDB’s financial year 2013 audit report and he received pressure, including from Najib himself, to ensure that the audit report was signed.

“I was called directly by him (Najib) asking me to find a way to solve this (signing off the audit report). The only way to solve this was to replace KPMG with a new auditor.

“At the time, I was in no position to disobey Najib as he was the prime minister,” said Hazem.

KPMG was appointed as 1MDB’s auditor for the financial years 2010, 2011, and 2012 but was sacked in 2013 after it refused to sign off 1MDB’s financial year 2013 accounts.

Hazem also said he did not receive a single cent from the purported misappropriated money from 1MDB funds nor was he given any monetary compensation by Low for allegedly conspiring to siphon money from the company.

Najib, 68, is facing four charges of using his position to obtain bribes totalling RM2.3 billion from 1MDB funds and 21 charges of money laundering involving the same amount.

The trial before justice Datuk Collin Lawrence Sequerah continues tomorrow. – Bernama, November 15, 2021

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