00:00 A Malaysian Anti-Corruption Commission, or MACC, investigating officer in the One Malaysia
00:07 Development Berhad, or 1MDB probe, told the High Court in Kuala Lumpur that she did not
00:12 ask Datuk Seri Najib Razak about a US$700 million transfer from the sovereign wealth
00:18 fund into a company linked to fugitive businessman Loh Taik Chow.
00:23 Senior officer Nur Aida Arifin said that she had inquired the matter from former 1MDB CEO
00:29 Datuk Sharol Azrael Ibrahim Halmy instead, and the information was sufficient.
00:34 The 49th prosecution witness said this during the cross-examination by Najib's lawyer,
00:39 Wan Azwan Ayman, on Wednesday.
00:41 The transfer was related to 1MDB's joint venture, or JV, with Saudi Arabia-based PetroSaudi
00:47 International Ltd, or PSI.
00:50 It was previously heard in court that, in the JV agreement which was signed on September
00:54 28, 2009, 1MDB had injected US$1 billion funds in cash as a starting capital for a 40% stake
01:03 in the JV company, while the PetroSaudi holdings Cayman injected its assets worth US$108 million
01:10 for a 60% stake.
01:12 However, it was said that through Sharol's instructions, US$700 million from the US$1
01:18 billion was diverted into Goodstart Ltd, a company linked to Lowe.
01:24 Najib's defense had argued that the top management of 1MDB, including Sharol, had hoodwinked
01:30 Najib and worked in cahoots with Lowe.
01:32 70-year-old Najib is on trial for 25 charges in total, four for abuse of power that allegedly
01:39 brought him the financial benefit to the tune of 2.8 billion ringgit and 21 for money laundering
01:45 involving the same amount of money.
01:48 The hearing continues before Justice Colin Lawrence Sequeira on Thursday.
01:52 The court ruled that the defendant, who was charged with the abuse of power, was not guilty.
01:53 The court also ruled that the defendant, who was charged with abusing power, was not guilty.
01:54 The court ruled that the defendant, who was charged with abusing power, was not guilty.
01:54 The court ruled that the defendant, who was charged with abusing power, was not guilty.
01:55 The court ruled that the defendant, who was charged with abusing power, was not guilty.
01:55 The court ruled that the defendant, who was charged with abusing power, was not guilty.
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