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Husni raised no objections to 1MDB in Cabinet, Najib tells court
Free Malaysia Today
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12/3/2024
The ex-PM says Cabinet meeting minutes show no disagreement from the then finance minister II with federalising the TIA.
Read More: https://www.freemalaysiatoday.com/category/nation/2024/12/03/husni-didnt-raise-objections-to-1mdb-in-cabinet-najib-tells-court/
Laporan Lanjut: https://www.freemalaysiatoday.com/category/bahasa/tempatan/2024/12/03/husni-tak-bantah-1mdb-dalam-mesyuarat-jemaah-menteri-najib-beritahu/
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Transcript
Display full video transcript
00:00
Former Prime Minister Najib Razak said his then-colleague Ahmad Hosni Hanazla never raised
00:07
any objections about 1MDB when the latter served as the second finance minister.
00:11
In his 1MDB hearing today, Najib said there were no cabinet meeting minutes to indicate
00:16
that Hosni disagreed with the federal government taking over the Turangandu Investment Authority
00:21
in 2009.
00:23
Earlier, Hosni told the court that he had cited the risks of setting up 1MDB, but Najib
00:28
still decided to establish the Sovereign Wealth Fund.
00:32
Najib told the court a feasibility study was unnecessary in this case because 1MDB was
00:37
not a newly formed company, but simply a rebranding of TIA.
00:42
He claimed that Hosni's testimony was a self-serving attempt at distancing himself
00:46
from the 1MDB scandal or to overplay his purported involvement in 1MDB.
00:52
Najib named former 1MDB management members, ex-CEO Shahrul Azhar Ibrahim Halmy, Hazim
00:57
Abdul Rahman, former CFO Azmi Tahir, and former General Counsel Jasmine Liu, as those
01:03
who should be held responsible for the company's affairs.
01:07
Najib is charged with 25 counts of money laundering and abuse of power over the alleged misuse
01:11
of 1MDB funds amounting to 2.28 billion ringgit deposited into his AmBank accounts between
01:17
February 2011 and December 2014.
01:21
Dhanush Raja Reza, FMT News.
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