Najib pressured 1MDB to change audit firm to close report, court hears

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KUALA LUMPUR: A former 1Malaysia Development Bhd (1MDB) CEO told the High Court that he was pressured by former prime minister Datuk Seri Najib Razak to ensure 1MDB’s financial audit report for 2013 was closed.

Mohd Hazem Abd Rahman, 48, who was reading his 110-page witness statement, said he was pressured by various quarters, especially Najib, who had contacted him through mobile phone several times to make sure the financial audit report was closed.

“Because of Najib’s insistence to close the 1MDB account and on the company’s reputation, the management decided to suggest to the directors and shareholders to replace KPMG with Deloitte, ” he said here on Tuesday . “However, in 2014, Deloitte gave pressure to the 1MDB management to prove or explain about Brazen Sky’s investments.“Deloitte decided that 1MDB account would not close if it fails to give that information, ” he said.

 

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