PUTRAJAYA, Jan 20 — Datuk Seri Najib Razak today questioned why he should be blamed for not checking if 1Malaysia Development Berhad’s (1MDB) purported joint venture partner...
File photo of jailed former prime minister Datuk Seri Najib Razak at the Kuala Lumpur Court Complex December 6, 2024. — Picture by Firdaus Latifas a first-time user .
“Yes, but the board has to decide, and due diligence has to take place. When you do a joint venture, one of the basic principles is to check ownership of the company — that was supposed to be done by Wong & Partners. Wong & Partners did not do that, how can I be blamed for that? Deputy public prosecutor Ahmad Akram Gharib was asking Najib about the September 26, 2009 incident, where Low spoke to Najib first in a phone conversation before passing his mobile phone to 1MDB’s then chairman Tan Sri Mohd Bakke Salleh while saying “PM on the line, want to speak to you”.
“In other words, I encouraged them to make informed decision, but as a board, as a company, when you do joint venture, you have to check ownership of the company, that is the ABC of doing business, but that was not done. How can you blame it on me?” Najib said. Akram then suggested that Najib had influenced the 1MDB chairman Bakke and the 1MDB board’s decision at the time, when the 1MDB board had RM5 billion to spend as it had raised that amount.
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