Najib said he strongly disagreed with the assertion Jho Low was the one who would “arrange and manipulate” all 1MDB investments.
: Datuk Seri Najib Tun Razak has refuted the claim that 1Malaysia Development Berhad and its project joint ventures were designed to serve his personal interests or to bolster UMNO, the ruling party he once led during his tenure as Prime Minister.
The former prime minister said the approvals given to 1MDB were pursuant to the proposals which were made after a thorough deliberation at the board level on proposals brought to them by legitimate entities such as Aabar Investments PJS and IPIC upon the advice of advisors of such calibre as Goldman Sachs, Lazard, BSI Bank and the Baker & McKenzie group.
The former Pekan MP is reading his witness statement on the eighth day of taking the stand at the High Court to defend himself against four charges of using his position to obtain RM2.3 billion in bribes from 1MDB funds, along with 21 charges of money laundering involving the same amount. “I suspect this assertion was only concocted later to salvage any credibility left in Mohd Hazem, given his admissions to forgery, multiple acts of criminal breach of trust, and breach of fiduciary duties as a director,“ said Najib.
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