1MDB board's bid to repatriate Aabar Investment's monies overseas mere theatrics, said former CEO HazemFormer 1MDB chief executive Mohd Hazem Abdul Rahman arrives at the Kuala Lumpur High Court May 25, 2021.
During cross examination by Najib’s lawyer, Wan Aizuddin Wan Mohammed had repeatedly questioned the former 1MDB chief executive on his assertion that the monies from the abortive deal belonged to Umno and why it was difficult to repatriated the monies back to the country. Wan Aizuddin had also brought up a 1MDB board meeting, where Najib was present, during their visit to Lugano, Switzerland in 2014.
The meeting in question follows after members of the board had conducted due diligence at the BSI Bank headquarter, where the aforementioned RM3 billion from the abortive joint venture was : Now you would agree with me that this is the second time that the company shareholder had insisted for the money to be returned and the board of directors took the efforts to go to Lugano, shows the seriousness for the funds to be taken back.