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  • 10 months ago
The biggest beneficiary of the RM2.28bil misappropriated from 1Malaysia Development Bhd (1MDB) was Datuk Seri Najib Razak, the High Court heard on Wednesday (Oct 29).

The prosecution also argued that Najib's assertion of a Saudi Arabian donor was unsubstantiated and contradicted by evidence.

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Transcript
00:00The biggest beneficiary of the RM2.28 billion misappropriated from 1MDB was Datuk Seri Najib
00:09Razak, the High Court heard on Wednesday.
00:12Deputy Public Prosecutor Datuk Ahmad Akram Garib, in his submissions, said Najib's defense
00:18had argued that individuals linked to 1MDB benefited from the financial scandal, particularly
00:24former 1MDB CEO Datuk Shahrol Azral Ibrahim Halmi, former General Counsel Jasmine Lu, and
00:34Najib's former Special Officer Datuk Amhari Effendi Nazaruddin, while Najib did not enrich
00:41himself.
00:42The prosecution contended that other prosecution witnesses had also testified against Najib,
00:48which could not be said about these individuals.
00:51He further submitted that, on the other hand, evidence showed Najib did not take action against
00:56fugitive businessman Joe Lowe, despite repeated warnings and multiple red flags.
01:02Ahmad Akram also argued that Najib's assertion of a Saudi Arabian donor was unsubstantiated
01:08and contradicted by evidence.
01:10He said the former premier did not produce any donor, authentic documentation or corroborating
01:17witnesses to back up his claim.
01:19Instead of a donation, the prosecution contended that Najib had abused his position as the prime
01:25minister and the finance minister to influence decisions and actions within 1MDB, which ultimately
01:32resulted in the billions of ringgit funneled into his personal accounts.
01:37The hearing continues before Justice Colin Lawrence Sequeira on Thursday.
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