KUALA LUMPUR, April 21 — The management and board of the Finance Ministry-owned 1Malaysia Development Berhad had said they were under pressure from the company’s sole shareholder to have audit firm KPMG sign off on the company’s financial statements in 2013, KPMG’s managing director Datuk Johan Idris said today.
In this trial, Najib is often referred to interchangeably by lawyers and prosecution witnesses — including Johan — as the shareholder of 1MDB. Shafee then argued that it should be the board of directors which makes decisions first before it is submitted to the shareholder to either accept or overrule the board’s decisions, and also challenged the remark that the 1MDB management was under pressure from shareholder as he said it would mean that the shareholder is the one who ran the entire 1MDB.
Datuk Seri Naijb Razak is pictured at the Kuala Lumpur High Court April 21, 2022. ― Picture by Firdaus Latif
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