In court, ex-1MDB chairman says had ‘suspicion’ about PM Naijb’s phone call push to hurry US$1b deal decision; ex-CEO confirmed it | Malay Mail

KUALA LUMPUR, April 12 — A former 1Malaysia Development Berhad chairman today said he had “suspicions” regarding then prime minister Datuk Seri Najib Razak after the latter urged for the 1MDB board to expedite its decision in 2009 on whether to approve the company going into a joint venture.

Just before the next 1MDB board meeting on September 26, 2009 to discuss the joint venture could start, Bakke had also said that the then — passed by Low himself to Bakke. “I didn’t because at that time I also had this feeling, suspicion that the former prime minister is also in the loop on this, very much informed in the scheme of things on the investment with PetroSaudi,” Bakke replied.

But the 1MDB board later found out on October 3, 2009 from the 1MDB management that US$700 million of the US$1 billion had been diverted elsewhere while only US$300 million was sent to the joint venture company. Lawyer Tan Sri Muhammad Shafee Abdullah is seen leaving the Kuala Lumpur High Court April 6, 2022. — Picture by Hari Anggara

“We were not pleased with what happened, and my own conclusion, the one that I have made after what happened, is that, if not because of the phone call with the prime minister, the board would not have rushed through the evaluation of the process. So until today, I would certainly flag this out as being the crunch.

“The conclusion drawn then was that they were taking instructions from above the board and outside the board, that was the conclusion drawn,” Bakke said when Shafee asked if he had formed the opinion that the 1MDB management was conspiring against the 1MDB board. Bakke explained that he had met with former 1MDB CEO Datuk Shahrol Azral Ibrahim Halmi six years later from the events in 2009.

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