1MDB not for Umno or my benefit, says Najib

FORMER premier Najib Tun Razak has refuted the claim that 1Malaysia Development Berhad (1MDB) 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.

Najib said he strongly disagreed with the assertion made by former 1MDB chief executive officer (CEO) Mohd Hazem Abdul Rahman that fugitive businessman Low Taek Jho (also known as Jho Low) was the one who would “arrange and manipulate” all 1MDB investments, joint ventures and fundraising activities abroad.

In his testimony on Sept 14, 2020, Mohd Hazem, who was the 10th prosecution witness in Najib’s trial also said that Jho Low himself explicitly stated to him that the funds associated with the sovereign wealth fund were meant for Najib and UMNO.

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 problem with 1MDB is the systemic failure in the execution of the decisions at the management level which started from its time under the management of its former CEO Datuk Shahrol Azral Ibrahim Halmi up until Mohd Hazem.

“I recall his (Mohd Hazem) testimony in court where he admitted to being placed in the management to carry out Jho Low’s instruction, he even admitted specifically that in regards to the US$3 billion raised for 1MDB Global Investment Limited, he was placed there as a director just to sign every document placed before him upon the instruction of Jho Low, and his proxies Jasmine Loo (former 1MDB general counsel) and Terrence Geh (former 1MDB deputy chief financial officer),“ said Najib.

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.

Najib said he finds it incredible that the assertion made by Mohd Hazem could be accorded any credibility at all since he has made the admission that he had to follow the instructions of Jho Low and his proxies.

“Particularly, when he admitted to acting out of defiance of the Joint Venture Agreement and for months kept the remittances of the same funds into the unsanctioned three fiduciary funds from the knowledge of the 1MDB Board of Directors and misled to believe that funds were safely deposited with UBS Bank.

“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.

Najib also rubbished the claim made by Mohd Hazem that he was acting on the instructions of Najib’s former principal private secretary, the late Datuk Azlin Alias.

“I think that assertion is most despicable and is a ploy to downplay his complicity and participation in Jho Low’s scheme.

“At any rate, Azlin is no longer with us to defend himself but that does not detract from the fact that he (Mohd Hazem) still owes a duty to the company and his actions made him an accomplice to Jho Low,“ he said.

On Oct 30, Justice Collin Lawrence Sequerah ordered Najib to enter his defence on all 25 charges, ruling that the prosecution had successfully established a prima facie case against him at the end of its case.

 

‘1MDB bukan untuk faedah saya dan UMNO’

BEKAS Perdana Menteri Datuk Seri Najib Tun Razak menafikan dakwaan bahawa 1Malaysia Development Berhad (1MDB) dan usaha sama projeknya diwujudkan untuk kepentingan peribadinya atau untuk mengukuhkan UMNO, parti yang pernah dipimpinnya semasa beliau menjawat jawatan Perdana Menteri.

Najib berkata beliau amat tidak bersetuju dengan dakwaan yang dibuat oleh bekas Ketua Pegawai Eksekutif (CEO) 1MDB Mohd Hazem Abdul Rahman, dalam perbicaraan ini yang menyatakan bahawa ahli perniagaan dalam buruan Low Taek Jho (atau lebih dikenali sebagai Jho Low), adalah individu yang akan “mengatur dan memanipulasi” semua pelaburan 1MDB, usaha sama dan pengumpulan dana di luar negara.

Dalam keterangannya pada 14 Sept 2020, Mohd Hazem, yang merupakan saksi pendakwaan ke-10, turut berkata bahawa Jho Low secara terang-terangan memberitahunya bahawa dana yang berkaitan dengan dana kekayaan berdaulat tersebut adalah untuk Najib dan UMNO.

Bekas perdana menteri itu berkata kelulusan yang diberikan kepada 1MDB adalah berdasarkan cadangan yang dibuat selepas perbincangan teliti di peringkat lembaga pengarah berkenaan cadangan yang dibawa kepada mereka oleh entiti yang sah seperti Aabar Investments PJS dan IPIC, atas nasihat penasihat berkaliber seperti Goldman Sachs, Lazard, BSI Bank dan kumpulan Baker & McKenzie.
“Masalah dengan 1MDB adalah kegagalan sistematik dalam pelaksanaan keputusan di peringkat pengurusan yang bermula sejak zaman pengurusan oleh bekas CEO Datuk Shahrol Azral Ibrahim Halmi sehingga ke Mohd Hazem,” katanya.
Saya teringat keterangan beliau (Mohd Hazem) di mahkamah apabila beliau mengakui telah ditempatkan dalam pengurusan untuk melaksanakan arahan Jho Low, malah beliau mengakui secara khusus bahawa berhubung dengan pengumpulan AS$3 bilion untuk 1MDB Global Investment Limited, beliau ditempatkan di situ sebagai pengarah hanya untuk menandatangani setiap dokumen yang diletakkan di hadapannya atas arahan Jho Low, serta proksi-proksinya, Jasmine Loo (bekas peguam besar 1MDB) dan Terrence Geh (bekas timbalan ketua pegawai kewangan 1MDB),” kata Najib.
Bekas Ahli Parlimen Pekan itu membaca kenyataan saksi beliau pada hari kelapan memberi keterangan untuk membela dirinya terhadap empat pertuduhan menggunakan jawatannya untuk memperoleh rasuah sebanyak RM2.3 bilion daripada dana 1MDB, bersama-sama dengan 21 pertuduhan pengubahan wang haram yang melibatkan jumlah yang sama.
Najib berkata beliau tidak percaya bahawa dakwaan yang dibuat oleh Mohd Hazem boleh diberi sebarang kredibiliti, memandangkan beliau telah mengakui bahawa beliau terpaksa mengikuti arahan Jho Low dan proksi-proksinya.
“Secara khusus, apabila beliau mengakui bertindak menentang Perjanjian Usahasama dan selama berbulan-bulan menyimpan kiriman wang yang sama ke dalam tiga dana fidusiari yang tidak dibenarkan tanpa pengetahuan Lembaga Pengarah 1MDB serta memimpin untuk mempercayai bahawa dana tersebut disimpan dengan selamat di Bank UBS.
“Saya mengesyaki kenyataan ini hanya direka kemudian untuk menyelamatkan sedikit kredibiliti yang masih ada pada Mohd Hazem, memandangkan pengakuannya terhadap pemalsuan, beberapa tindakan pecah amanah jenayah, dan pelanggaran tugas fidusiari sebagai pengarah,” kata Najib.
Najib juga menafikan dakwaan yang dibuat oleh Mohd Hazem bahawa beliau bertindak atas arahan Setiausaha Sulit Utama Najib, iaitu Allahyarham Datuk Azlin Alias.
“Saya rasa kenyataan itu sangat keji dan merupakan satu helah untuk mengecilkan penglibatannya serta peranannya dalam rancangan Jho Low.
“Bagaimanapun, Allahyarham Azlin tidak lagi bersama kita untuk mempertahankan dirinya, tetapi itu tidak mengubah fakta bahawa dia (Mohd Hazem) masih mempunyai tanggungjawab terhadap syarikat dan tindakannya menjadikannya rakan sejenayah kepada Jho Low,” katanya.
Pada 30 Okt, Hakim Datuk Collin Lawrence Sequerah memerintahkan Najib membela diri terhadap semua 25 tuduhan, dengan memutuskan bahawa pihak pendakwaan telah berjaya membuktikan kes prima facie terhadapnya pada akhir kesnya.
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