KUALA LUMPUR, June 22 — Former prime minister Datuk Seri Najib Razak “kept quiet” and “did nothing” when US$700 million out of US$1 billion from 1Malaysia Development Berhad was diverted to a company with no links to 1MDB — which later turned out to be owned by fugitive businessman Low Taek Jho — in September 2009, the High Court heard today.
The US$1 billion was supposed to be deposited into 1MDB-PetroSaudi’s BSI bank account for the purpose of acquiring a 40 per cent share in the purported joint venture firm of 1MDB PetroSaudi Limited in the British Virgin Islands but only US$300 million was moved into this account.
Ahmad Husni also said he would have been “worried” if he was the prime minister since the transfer of such a significant amount would have affected the financial position of the Malaysian government.
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