00:00Fugitive businessman Loh Teck Choe played no role in 1MDB, whether as an advisor or
00:06in influencing the company's decision-making process, its former chairman told the High
00:11Court in Najib Razak's 1MDB trial today.
00:14Cheikh Loh Din Bok Kamaruddin, who was the chairman from 2009 to 2016, said no one had
00:20ever told him that Loh, also known as Choe Loh, had such influence within 1MDB.
00:26He said the company's decisions were made by its directors after considering proposals
00:30and supporting documents from management staff and external consultants, and no one mentioned
00:35that Choe Loh was Najib's proxy.
00:38Loh Din said he first met Loh during a 1MDB meeting on September 26, 2009, when he was
00:44just a member of the firm's board of directors, while Loh was representing the Saudi royal
00:49family.
00:50Former 1MDB chairman Bakeh Saleh previously told the court that Najib told him to firm
00:55up a decision on the US$1 billion joint venture with Petro-Saudi International Ltd, as it
01:01was a government-to-government initiative with Saudi Arabia.
01:05Najib is standing trial on 25 counts of money laundering and abuse of power over alleged
01:101MDB funds amounting to RM2.28 billion deposited into his M-Bank accounts between February
01:162011 and December 2014.
01:20The hearing before Justice Colin Lawrence-Sekera continues tomorrow.
01:24Pan Yujo, FMT News.
Comments