KUALA LUMPUR, Sept 3 — Datuk Seri Najib Razak had personally benefited from the 1Malaysia Development Berhad (1MDB) scheme where the government-owned company lost massive sums of money to the tune of billions of ringgit, the company’s former CEO Datuk Shahrol Azral Ibrahim Halmi asserted in court today.
Shahrol Azral said this while testifying as the ninth prosecution witness in Najib’s power abuse and money-laundering trial over more than RM2 billion of 1MDB funds
Shahrol Azral also testified that Najib was not in the dark about 1MDB’s affairs but had known about the matters relating to the company and was also allegedly giving instructions on the company’s affairs through businessman Low Taek Jho.
Today under re-examination by lead prosecutor Datuk Seri Gopal Sri Ram, Shahrol Azral listed Najib as one of the beneficiaries of 1MDB’s transactions where 1MDB’s funds were lost.
Sri Ram: In hindsight, do you know who benefited from these transactions?
Shahrol Azral: In hindsight, based on the documents that were shown to me both in court and during the investigations, the beneficiaries are at least Jho Low, Casey Tang, Jasmine Loo, Tarek Obaid, Patrick Mahony, Khadem Al-Qubaisi, Mohamed Badawy Al-Husseiny, as well as Datuk Seri Najib.
Shahrol Azral also maintained his testimony that he himself had not benefited financially or received any money from transactions where 1MDB’s funds were lost.
Shahrol Azral had confirmed he did not gain any money when asked by Sri Ram specifically about separate 1MDB-linked major transactions, further confirming that an Ambank account ending 9694 where funds of US$681 million flowed to did not belong to him.
Sri Ram also noted that Low Taek Jho or Jho Low had previously been cited in news reports produced in court as having played a fraudulent role in 1MDB affairs, and also noted that Shahrol Azral had previously disagreed with Najib’s lawyers’ suggestion that Najib knew nothing of the role that Low had played.
Sri Ram then asked Shahrol Azral to explain, saying: “In early part of the cross-examination, you denied that suggestion that the accused was not aware, so can you explain to His Lordship now what led you to believe that the accused was aware of what Jho Low was doing?”
Shahrol Azral then replied that Najib was well aware of 1MDB affairs: “It is a pattern of the actions and the decisions made throughout not only my tenure as CEO from 2009 to 2013, but also more so actually after that in 2013, 2014, 2015 and 2016, that dovetails with the talking points as I stated earlier as well as the decisions that were made by the management and board.”
“As a matter of fact, there was one or two specific occasions that I had very brief chats with Datuk Seri Najib, where I saw that he had a firm grasp of what’s happening within the company,” said Shahrol Azral, who was 1MDB CEO from 2009 to 2013 and subsequently was 1MDB director from 2013 to 2016.
Sri Ram: So it was not as if he was in the dark?
Shahrol Azral: No, not in any point of time did I see that. At least that’s my perception.
Among other things, Shahrol Azral had also testified that he viewed Najib to be the “ultimate” authority in terms of 1MDB affairs, asserting that 1MDB had from the very beginning been receiving instructions from Najib via Low.
Shahrol Azral had also testified that Najib had on one occasion in the early stages of 1MDB repeated almost “word for word” what was contained in Low’s written instructions via “talking points”, and that Najib’s actions as 1MDB shareholder was consistent with Low’s talking points.
Shahrol Azral also said Najib had never questioned him over 1MDB decisions that were taken.
On the first day of trial, the prosecution had said it would show that billions of ringgit were diverted away from 1MDB and 1MDB-linked entities to various entities including those allegedly controlled by Low and that some of these funds allegedly ended up in Najib’s account.
Najib’s trial before High Court judge Collin Lawrence Sequerah resumes next Monday.