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KUALA LUMPUR : Datuk Seri Najib Razak 's conduct and actions in multiple instances related to 1Malaysia Development Berhad clearly demonstrated his vested interest in the sovereign wealth fund, the High Court here heard.
"Najib's special officer Amhari Effendi Nazarudin confirmed that the accused wanted TIA to become a special vehicle for strategic investments overseas where fugitive businessman Low Taek Jho or Jho Low would act as a director. "The accused instructed the board to firm up a decision to finalise a joint venture with Petrosaudi International amounting to US$1bil despite grappling with a botched RM5bil fundraising exercise from IMTN ."He testified that at the point of the phone conversation, the board was still making inquiries regarding IMTN. He also said the decision not to record that phone call in the meeting minutes was to protect the accused," he said.
"The raising of US$3bil in 2013 happened in the blink of an eye and according to former Treasury secretary-general Tan Sri Mohd Irwan Serigar Abdullah , who testified that the accused instructed him to expedite the matter in January 2013, the bond was raised without due diligence and only based on a few sheets of documents supplied by 1MDB," said Ahmad Akram.
"It was then that Ahmad Husni realised that his presence and input was not welcomed in matters relating to 1MDB.
Kuala Lumpur High Court Najib Razak 1MDB Trial Vested Interest Behaviour Board Of Directors Prosecution Submissions Jho Low DPP Ahmad Akram Gharib
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