Jho Low called 1MDB officials for meeting with Najib over financial statement, court told

Fugitive businessman Jho Low told 1MDB directors that they should justify 1MDB’s investment in Brazen Sky Limited.

Hazem said others who joined the meeting were 1MDB chairman Che Lodin Wok Kamaruddin, 1MDB director Ismee Ismail, chief financial officer Azmi Tahir and Najib’s principal private secretary Azlin Alias. He also saw Yak Yew Chee, a banker from BSI Bank Singapore, outside but who joined them when called in later to explain a matter.

Hazem added the Penang businessman told them that US$2.3 billion in Brazen Sky was in BSI Bank’s custody, and that as a well known financial institution, BSI Bank had informed them that the investment could generate high returns. “Datuk Seri then asked Yaw Chee when the funds could be redeemed, to which Yaw Chee said the investments took between six and nine months, and 1MDB could turn the investments into cash subsequently,” he said, responding to Mustafa’s question about the meeting.

“Datuk Seri later questioned Johan why KPMG was doubting the Brazen Sky investments, and told Johan he wanted the accounts to be closed by Dec 31,” Hazem said.“However this meeting failed to persuade KPMG to close the accounts even after hearing the prime minister’s explanation.” “We were left with no choice but to replace KPMG because we were under pressure from various parties, including the prime minister,” he added.

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