1MDB was 'not my baby', Najib tells court

The Star

Datuk Seri Najib Razak has refused to be associated with the setting up of 1Malaysia Development Bhd (1MDB), telling the Kuala Lumpur Hight Court that the sovereign wealth fund was not his “baby".  Read more at https://shorturl.at/wyYUi  WATCH MORE: https://thestartv.com/c/news SUBSCRIBE: https://cutt.ly/TheStar LIKE: https://fb.com/TheStarOnline

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00:00Former Prime Minister Datuk Shri Najib Razak has refused to be associated with the setting

00:08up of 1MDB, saying that the Sovereign Wealth Fund was not his baby. He told the Kuala Lumpur

00:14High Court on Thursday that he was not responsible for the establishment of the company. He told

00:20the prosecution during a cross-examination not to refer 1MDB as his baby, as it came

00:26from the Terengganu Investment Authority. When the prosecution said 1Malaysia was his

00:31brand, Najib replied that it was his brand, but the genesis of 1MDB was not. Najib said

00:38the prosecution was making certain innuendos with the statement that he could not accept.

00:44He also said he confronted fugitive businessman Joe Low about his widely reported lavish lifestyle.

00:52He said Low kept saying that he was doing the purchases of properties and luxury items

00:57for Sheikh Mansour bin Zayed Al Nahyan. The prosecution said Najib could have investigated

01:02the truth of Low's claims, but Najib responded that such an investigation would involve another

01:08government. He also disagreed with the suggestion that he deliberately avoided finding the truth

01:14about Low. In October, the High Court ordered Najib to enter his defence on four counts

01:20of using his position to obtain 2.28 billion ringgit gratification from 1MDB's funds

01:27and 21 counts of money laundering involving the same amount.

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