Malaysia

Najib told me to focus on 1MDB-PSI deal, ignore past transactions: former fund chairman

Jho Low had ‘total control’ over fund board, despite holding no official position, he adds

Updated 4 years ago · Published on 01 Apr 2022 6:31PM

Najib told me to focus on 1MDB-PSI deal, ignore past transactions: former fund chairman
Former primer minister Datuk Seri Najib Razak is charged with using his position to order amendments to the 1MDB final audit report before it was presented to the Public Accounts Committee to avoid any action being taken against him. – Bernama pic, April 1, 2022

KUALA LUMPUR – Former 1Malaysia Development Berhad (1MDB) chairman Tan Sri Mohd Bakke Salleh told the high court here today that Datuk Seri Najib Razak told him via phone to not spend too much time looking at past transactions and to just focus on a proposed joint venture (JV) between the sovereign wealth fund and PetroSaudi International Ltd.

Bakke, 68, said the message was conveyed to him by Najib himself after the former prime minister was done speaking to fugitive businessman Low Taek Jho, better known as Jho Low, via phone during a board meeting.

The 13th prosecution witness said this when cross-examined by Najib’s lead counsel Tan Sri Muhammad Shafee Abdullah in the trial of Najib and former 1MDB chief executive officer Arul Kanda Kandasamy for allegedly tampering with the 1MDB final audit report.

The witness was referring to a 1MDB board meeting he and Jho Low attended on September 26, 2009, whereby Jho Low was alleged to have received a telephone call from Najib.

Bakke said that despite his concerns over several issues linked to 1MDB such as the US$700 million (RM2.94 billion) alleged embezzlement matter, Najib had told him to not spend too much time on past transactions. 

“Najib told me not to spend too much time looking at past transactions and just look at the proposed JV as the matter has been under discussion for some time, and that we needed to make a decision as soon as possible,” he said.

Mohd Bakke pointed out that due to the words from Najib, he then felt comforted enough to relay this to the other members of the board to proceed with the JV.

To another question, the witness agreed that Jho Low had total control of 1MDB’s management as it took instructions from him, although Jho Low had no official position in the company.

To a question on how he formed the impression that Jho Low was representing Najib, Bakke said it was not just an impression as he had met Jho Low at Najib's office when he was defence minister and deputy prime minister, in his Putrajaya office. 

At the end of today’s proceedings, Judge Mohamed Zaini Mazlan, who was presiding over the trial, said he felt like he was “sitting in Justice Collin’s Court” due to the style of Muhammad Shafee’s cross-examination of the witness which touched on issues linked more to the 1MDB bribery case rather than the 1MDB audit report case. 

Justice Mohamed Zaini was referring to High Court judge Datuk Collin Lawrence Sequerah, who is presiding over Najib’s RM2.3 billion 1MDB corruption trial.

To this, Muhammad Shafee said the phone call issue was raised by lead prosecutor Datuk Seri Gopal Sri Ram during the previous proceedings, and that the defence was entitled to query the witness on the matter.

Najib, 68, is charged with using his position to order amendments to the 1MDB final audit report before it was presented to the Public Accounts Committee to avoid any action being taken against him, while Arul Kanda, 45, is charged with abetting Najib in making the amendments to the report, to protect Najib from being subjected to action.

The offences were allegedly committed at the Prime Minister's Department Complex, Federal Government Administrative Centre, Federal Territory of Putrajaya between February 22 and 26, 2016.

Both of them were charged under Section 23(1) of the Malaysian Anti-Corruption Commission Act 2009, which provides for a jail term of up to 20 years and a fine of no less than five times the amount of gratification or RM10,000, whichever is higher, upon conviction.

The trial continues on April 12. – Bernama, April 1, 2022

Related News

Malaysia / 3mth

Najib must be held accountable for 1MDB's US$5.6 billion loss -  lawyer

Malaysia / 4mth

Opposition wants Jho Low to be brought to justice immediately

Malaysia / 4mth

Any pardon for Jho Low by the US won’t affect our stand – PM Anwar

Malaysia / 4mth

Jho Low may be among 250 individuals to receive Trump's pardon in conjunction with US Independence Day

Malaysia / 5mth

Jho Low's 1MDB Equanimity superyacht now a cutting-edge support and research vessel

Malaysia / 5mth

Cabinet did not discuss Jho Low’s pardon bid, says Fahmi

Spotlight

Malaysia

Eight homes evacuated after recurring landslides raise safety fears in Shah Alam

Malaysia

Najib’s pension suspended, Saifuddin confirms

By Alfian Z.M. Tahir

Malaysia

Melaka PRN: PH to abolish seven appointed state assembly positions

Malaysia

Naked body of woman found floating in river

Malaysia

Dzulkefly praises HKL’s success in reattaching police officer’s hand

Malaysia

Four homes remain unsafe as Penang landslide stabilisation takes up to five months

Malaysia

1MDB allowed to admit affidavit of Rosmah’s shopping partner in its case

Malaysia

Najib faces four conditions under house arrest, including restrictions on movement and visitors

By Alfian Z.M. Tahir

You may be interested

Malaysia

Seven schoolgirls allegedly sexually assaulted by retired teacher, 17 charges filed

Malaysia

Government bearing debts of previous administration - PMX

Malaysia

Elderly motorcyclist killed in suspected hit-and-run in Sungai Petani

Malaysia

Those who engage in corruption belong in prison – Anwar

Malaysia

Wisma Putra prepares evacuation plans for citizens amid Houthi attacks

Malaysia

Police probe case of man hanging cat from window of 4WD

Malaysia

PH’s strength lies in trust, tested partnerships

Malaysia

Four homes remain unsafe as Penang landslide stabilisation takes up to five months