Najib's lawyer accuses former 1MDB CEO of CBT and money laundering

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KUALA LUMPUR: Former 1Malaysia Development Bhd (1MDB) CEO Mohd Hazem Abd Rahman should have been sent to jail for criminal breach of trust and money laundering over the company's funds, the High Court heard.

Lead defence counsel Tan Sri Muhammad Shafee Abdullah, who represented former prime minister Datuk Seri Najib Razak, made the scathing suggestion after another intense grilling of Mohd Hazem, the tenth prosecution witness on the stand, at Najib's RM2.28bil 1MDB trial here on Monday.

However, parts of the said loan were never used for the intended purpose but it was transferred from 1MDB Energy Holdings Ltd in two tranches - USD$223mil and USD$457mil - to a shell entity, Aabar Investments PJS Ltd , in September, 2014. The transactions, Muhammad Shafee contended, was without the authorisation of 1MDB's board of directors.

Muhammad Shafee then asked if the witness had gotten permission from Bank Negara Malaysia to transfer the funds but Mohd Azem was uncertain if he had.

 

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Getting desperate. Lol the logic is perverted.

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