1MDB formed to generate Umno funds, protect Najib's interests, witness tells court | Malay Mail

Monday, 14 Sep 2020 06:09 PM MYTFormer prime minister, Datuk Seri Najib Razak is pictured at Kuala Lumpur High Court on September 14, 2020. — Picture by Hari Anggara

Mohd Hazem said businessman Low Taek Jho, also known as Jho Low, had told him of the purported Umno link when they met for the first time on July 15, 2012 at the Putrajaya Shangri-La Hotel. 1MDB former CEO Mohd Hazem Abd Rahman is pictured at the Kuala Lumpur Court Complex on September 14, 2020. — Picture by Hari Anggara

Mohd Hazem said that he had questioned how 1MDB could bring back the money that it raised abroad to pay off 1MDB debt payments that were due and to fund 1MDB projects in Malaysia, but said Low had always rebuffed him by saying the funds raised overseas were Umno funds and could not be touched. “Jho Low himself had told me that Datuk Seri Najib formed 1MDB to take care of Umno funds and this was one of the ways to obtain political funds through a company under the PM’s own supervision,” Mohd Hazem then added.

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