1MDB audit trial: I resigned because I suspected Najib was involved, says ex-chairman

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KUALA LUMPUR: Tan Sri Mohd Bakke Salleh suspected Datuk Seri Najib Razak was involved in a sham joint venture (JV) between 1Malaysia Development Bhd (1MDB) and PetroSaudi International Ltd (PSI) in 2009, the court hears.

The former 1MDB chairman told the High Court that he resigned from his position because of his suspicions and that he did not meet with the then prime minister prior to his resignation.

Muhammad Shafee noted Mohd Bakke was also serving as FGV Holdings Bhd group president and CEO and could have met Najib every fortnight. The US$1bil was referring to an equity investment undertaken by 1MDB for the JV company known as 1MDB-Petrosaudi Ltd in 2009, in a 40:60 JV agreement with PSI where PSI would inject US$1.5bil worth of assets.

Muhammad Shafee however rebuffed Mohd Bakke's idea of Najib being suspiciously linked to the sham deal because it was impossible for the prime minister to micromanage.Mohd Bakke said the suspicion came from the way the JV was"bulldozed through" without adhering to normal protocols and it had created elements of doubt.Mohd Bakke: This feeling of being completely suspicious of what transpired was reinforced when we found out about the US$1bil remittance.

 

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Actually the whole lot jumped ship soon as rumours started.

Instead of investigating and reporting

Precise and correct suspicion.

Azlin knew his boss is a crook and stole from Rakyat AGCPutrajaya C4Center

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