Datuk Seri Najib Razak and the Ministry of Finance (MoF) had made proper efforts to investigate and retrieve some RM3.6 billion worth of SRC International Sdn Bhd’s funds that are frozen in Switzerland, according to the defence.
PUTRAJAYA (APRIL 27): Datuk Seri Najib Razak's defence argued today that it was diplomatic issues that prompted the former premier to stop former second financer minister Datuk Seri Ahmad Husni Hanadzlah in 2015 from going to Switzerland to investigate why some RM3.6 billion worth of SRC International Sdn Bhd's funds was frozen there, and not personal interest. Defence lawyer Farhan Read told the Court of Appeal today that Najib was trying to.
KUALA LUMPUR (March 11): A lawyer for UMNO today told the High Court that the prosecution seeking the forfeiture of funds seized from the Pavilion luxury condominium unit owned by OBYU Holdings Sdn Bhd has failed to show how the company had allegedly misappropriated the funds from 1Malaysia Development Bhd (1MDB).
Tania Scivetti for UMNO said the prosecution should have named former prime minister Datuk Seri Najib Razak as the respondent in the forfeiture hearing and not OBYU.
She added that even with assertion by investigating officers Senior Assistant Commissioner R Rajagopal and Superintendent Foo Wei Min that the money in Najib s accounts was allegedly siphoned from 1MDB during the Goodstar, Tanore and Aabar phases, they did not show material accounts from these three entities to show that the monies seized from the property came from the company.
KUALA LUMPUR: Datuk Seri Najib Razak’s conflict of interest over 1Malaysia Development Bhd (1MDB) was never raised in Cabinet meetings despite him chairing discussions involving the sovereign wealth fund, the High Court here has been told.
Former deputy chief secretary to the Cabinet Tan Sri Mazidah Abdul Majid, who was testifying in the 1MDB trial yesterday, agreed to the suggestion by lead counsel Tan Sri Muhammad Shafee Abdullah that nobody had voiced out any concern about Najib’s presence in the meetings discussing 1MDB matters.
Shafee had referred the witness to the Code of Ethics for Members of Administration and Members of Parliament where it stated that Cabinet members who have personal interest in matters which are of conflict with government interest, especially if it involves a family member, must leave the meeting and the absence shall be recorded.
KUALA LUMPUR: A conflict of interest for Datuk Seri Najib Razak over 1Malaysia Development Bhd (1MDB) was never raised in Cabinet meetings although he chaired discussions involving the sovereign wealth fund, the High Court here heard.
Former deputy chief secretary to the Cabinet Tan Sri Mazidah Abdul Majid, who was testifying in the 1MDB trial here on Thursday (Feb 11), agreed to the suggestion by lead counsel Tan Sri Muhammad Shafee Abdullah that nobody had spoken up about Najib s presence in meetings that discussed 1MDB matters.
Shafee had referred the witness to the Code of Ethics for Members of Administration and Members of Parliament where it stated that Cabinet members who have a personal interest in matters which are of conflict with the government interest, especially if it involves a family member, must leave the meeting and the absence shall be recorded.