1MDB board staged an act on overseas funds, says witness

The 1Malaysia Development Bhd (1MDB) directorate was associated with a “sandiwara” (a demonstration) to cover that the abroad assets of the sovereign abundance reserve really had a place with Umno, a previous 1MDB CEO told the High Court today.

The 10th indictment witness, Mohd Hazem Abd Rahman, said this when interrogated by Najib Razak’s legal advisor, Wan Aizuddin Wan Mohammed, in the previous chief’s preliminary including the misappropriation of RM2.3 billion from 1MDB assets.

Inquired as to why he didn’t put on record during the 1MDB executive gathering on Feb 27, 2014, that the abroad assets evidently had a place with Umno, the observer said: “This was a plan and this shouldn’t be put on record.”

Wan Aizuddin: You guarantee this is a connivance that all the board individuals taken part in?

Hazem: Yes

Wan Aizuddin: You are saying that whatever was accounted for in the minutes are only to look good?

Hazem: They realized what was in question.

Wan Aizuddin: So, you are saying that, whatever that was recorded in the minutes of the executive gathering (to bring back the assets from abroad) it is totally supportive of show? Is it accurate to say that you are saying this was a major sandiwara?

Hazem: Yes

The 49-year-old observer likewise consented to the legal counselor’s idea that none of the cash which was localized from abroad went into Umno’s financial balance.

To another inquiry, Hazem told the court that he had never heard from Najib himself that 1MDB’s abroad assets had a place with Umno, however just put together it with respect to information exchanged by outlaw financial specialist Low Taek Jho or Jho Low and Najib’s previous head private secretary, Azlin Alias (presently expired).

He said dependent on 1MDB’s minutes of meeting, the organization investor (Najib) had the expectation to bring back the abroad cash to Malaysia.

On Jan 6, Hazem affirmed that 1MDB was set up to support Umno and this was passed on to him by Jho Low.

Najib, 67, who went through eye a medical procedure a week ago, was seen wearing shades while sitting in the dock.

He is dealing with four indictments of utilizing his situation to acquire pay-offs totalling RM2.3 billion from 1MDB assets and 21 charges of illegal tax avoidance including a similar sum.

The preliminary under the watchful eye of Justice Collin Lawrence Sequerah proceeds.

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