00:00Former Prime Minister Najib Razak said his then-colleague Ahmad Hosni Hanazla never raised
00:07any objections about 1MDB when the latter served as the second finance minister.
00:11In his 1MDB hearing today, Najib said there were no cabinet meeting minutes to indicate
00:16that Hosni disagreed with the federal government taking over the Turangandu Investment Authority
00:21in 2009.
00:23Earlier, Hosni told the court that he had cited the risks of setting up 1MDB, but Najib
00:28still decided to establish the Sovereign Wealth Fund.
00:32Najib told the court a feasibility study was unnecessary in this case because 1MDB was
00:37not a newly formed company, but simply a rebranding of TIA.
00:42He claimed that Hosni's testimony was a self-serving attempt at distancing himself
00:46from the 1MDB scandal or to overplay his purported involvement in 1MDB.
00:52Najib named former 1MDB management members, ex-CEO Shahrul Azhar Ibrahim Halmy, Hazim
00:57Abdul Rahman, former CFO Azmi Tahir, and former General Counsel Jasmine Liu, as those
01:03who should be held responsible for the company's affairs.
01:07Najib is charged with 25 counts of money laundering and abuse of power over the alleged misuse
01:11of 1MDB funds amounting to 2.28 billion ringgit deposited into his AmBank accounts between
01:17February 2011 and December 2014.
01:21Dhanush Raja Reza, FMT News.
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