Najib has the power to make 1MDB decisions
Najib has the power to make 1MDB decisions

Najib has the power to make 1MDB decisions

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KUALA LUMPUR: Former Finance Minister II Datuk Seri Ahmad Husni Mohamad Hanadzlah today told the High Court here that Datuk Seri Najib Tun Razak has the decision -making power in 1Malaysia Development Berhad (1MDB) and not him.

Ahmad Husni, 70, said this could be seen when the former prime minister was still pursuing the 1MDB joint venture project with PetroSaudi International Ltd (PSI) even though the 20th prosecution witness had expressed his concern over the project.

“In 2009, I told Najib that 1MDB could not be set up without a feasibility study, which Najib said he would proceed (with the establishment of the investment company) and asked him not to interfere.

“Regarding the joint venture project with PSI, I told him first, there are no oil wells yet. If there is no oil, it means we will lose investment… 1MDB has no track record in petroleum. I also told him that 1MDB had no experience in oil exploration and should have been handed over to Petronas.

“But he told me not to interfere again. That shows he has the power because there is no discussion, ”he said during a re -examination session by Senior Deputy Public Prosecutor Datuk Seri Gopal Sri Ram at Najib’s trial on the misappropriation of RM2.3 billion in 1MDB funds.

Earlier, the witness testified that he met Najib in his office to tell him that 1MDB could not be set up without a feasibility study, as the purpose of the feasibility study was to make a practical assessment of the project proposal as well as business and financial risks.

Sri Ram: It is suggested to you that former 1MDB Chairman Tan Sri Mohd Bakke Salleh has described former Chief Executive Officer (CEO) Datuk Shahrol Azral Ibrahim Halmi as a criminal. Do you know who Shahrol got instructions from? The witness replied: “from Najib Tun Razak”.

Sri Ram: Najib Tun Razak, you mean the accused? Ahmad Husni replied: “Yes”.

The witness added that he did not know whether Shahrol Azral had ever received any other remuneration as an employee other than his salary.

Sri Ram: Yesterday, during cross -examination, you were asked about PETRONAS, you were told that the PM has a monopoly over the business (PETRONAS). What is Petronas’ core business?

Ahmad Husni: It relates to petroleum not only nationwide but also international investment in the sector.

Sri Ram: In the case of 1MDB, does it have anything to do with natural resources?

Ahmad Husni: ‘No’.

Najib, 68, faces four charges of using his position to obtain bribes amounting to RM2.3 billion from 1MDB funds and 21 charges of money laundering involving the same amount.

The trial before Judge Datuk Collin Lawrence Sequerah continues. – NAMED

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