![\"\"](\"http:\/\/www.namnewsnetwork.org\/wp-content\/uploads\/2019\/08\/najib-1mdb-trial-1024x614.jpg\")
<\/figure>\n\n\n\nNajib, who is also Pekan MP allegedly committed the four offences at AmIslamic Bank Berhad, Jalan Raja Chulan branch, Bukit Ceylon, here between Feb 24, 2011, and Dec 19, 2014, and the 21 charges, at the same place between March 22, 2013, and Aug 30, 2013.<\/p>\n\n\n\n
These are highlights of the evidence adduced by the witness before High Court Judge Collin Lawrence Sequerah:<\/p>\n\n\n\n
DAY 25 (Oct 21):<\/p>\n\n\n\n
- 1MDB board of directors (BOD) did not know about the US$700 million loan agreement signed by the 1MDB-PetroSaudi International Ltd joint venture company (JVC) in 2009, prior to the actual joint venture agreement between both sovereign wealth funds.<\/li>
- Shahrol Azral was not involved in the discussions of the particular loan agreement deal and has never actually seen the loan agreement during his tenure at 1MDB from 2009 until 2016.<\/li>
- Fugitive businessman Low Teak Jho or Jho Low was entrusted with the responsibility of preparing 1MDB\u2019s action plan and also the talking points of Najib.<\/li>
- Shahrol Azral, during his tenure as the CEO of 1MDB, was discouraged to go beyond the talking points and action plans given to him.<\/li>
- The signing ceremony of the JV project between 1MDB and PSI never happened as the JV agreement was signed by Shahrol Azral and PSI CEO, Tarek Obaid separately. The signing ceremony was scheduled on Sept 28, 2009 and there was a plan for Najib and the late King of Saudi Arabia, Abdullah Abdul Aziz al Saud, to witness the signing ceremony in Putrajaya, but both of them did not attend the ceremony.<\/li><\/ul>\n\n\n\n
<\/p>\n\n\n\n
DAY 26 (Oct 24):<\/p>\n\n\n\n
- \u201c1MDB was Datuk Seri Najib, Datuk Seri Najib was 1MDB\u201d as there was no difference in the witness\u2019s mind between the entity and the former prime minister.<\/li>
- 1MDB board of directors (BOD) was not informed about the RM700 million debt by its joint-venture company 1MDB-PetroSaudi Ltd upon the signing of the joint venture with PSI.<\/li>
- Shahrol Azral was pressured by Jho Low, and Casey Tang (1MDB executive director) to get the joint venture signed on Sept 28, 2009. <\/li>
- The debt was due to assets injected by PSI into the joint venture company were of higher value that the amount it had agreed to contribute earlier.<\/li>
- Shahrol Azral agreed that 1MDB was a fool to have paid US$1 billion to obtain a 40 per cent stake in the 1MDB and PSI subsidiary Petro Saudi Holdings (Cayman) Ltd joint venture while PSI only injected US$108 million to get 60 per cent share.<\/li><\/ul>\n\n\n\n
— NNN-BERNAMA<\/p>\n","protected":false},"excerpt":{"rendered":"
KUALA LUMPUR, Oct 26\u00a0(NNN-BERNAMA) — The trial of\u00a0former Malaysian prime minister Datuk Seri Najib Tun Razak over\u00a01Malaysia Development Berhad (1MDB) funds saw the\u00a0defence team zooming into the joint venture \u00a0(JV) deal between\u00a01MDB and\u00a0PetroSaudi International Limited (PSI). Najib\u2019s lead counsel Tan Sri Muhammad Shafee Abdullah disclosed how 1MDB was a fool to have paid US$1 billion to obtain a […]<\/p>\n","protected":false},"author":19,"featured_media":39591,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[288,318],"tags":[],"_links":{"self":[{"href":"http:\/\/namnewsnetwork.org\/index.php?rest_route=\/wp\/v2\/posts\/47840"}],"collection":[{"href":"http:\/\/namnewsnetwork.org\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/namnewsnetwork.org\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/namnewsnetwork.org\/index.php?rest_route=\/wp\/v2\/users\/19"}],"replies":[{"embeddable":true,"href":"http:\/\/namnewsnetwork.org\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=47840"}],"version-history":[{"count":0,"href":"http:\/\/namnewsnetwork.org\/index.php?rest_route=\/wp\/v2\/posts\/47840\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"http:\/\/namnewsnetwork.org\/index.php?rest_route=\/wp\/v2\/media\/39591"}],"wp:attachment":[{"href":"http:\/\/namnewsnetwork.org\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=47840"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/namnewsnetwork.org\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=47840"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/namnewsnetwork.org\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=47840"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}