Datuk Seri Najib Razak is pictured at the Kuala Lumpur High Court October 1, 2019. — Picture by Miera Zulyana
The former prime minister now 66, is facing four charges of having used his position to obtain gratification totalling RM2.3 billion from 1MDB and 21 counts of money laundering involving the same funds. Former 1MDB CEO Datuk Shahrol Azral Ibrahim Halmi is pictured at the Kuala Lumpur High Court October 1, 2019. — Picture by Miera ZulyanaAn excess of US$790,354,855.00 in security deposit paid to Aabar Investment PJS Ltd by 1MDB was credited into Najib’s account.
The security deposit payment was made in good faith based on documentation prepared by Jasmine Loo , Terence Geh and Tim Leissner . Witness was convinced that although Jho Low had no official power in 1MDB, he had, from the very beginning, the mandate to pass Datuk Seri Najib’s instructions on to him and the entire 1MDB management.After TIA which morphed into 1MDB received federal government guarantee in May 2009, it was restricted from engaging in any new loan agreements except with the approval of the Finance Minister under the Loan Guarantee Act 1965.