KUALA LUMPUR, May 17 — Datuk Seri Najib Razak as the finance minister and prime minister previously was also the one providing advice to 1Malaysia Development Berhad , as 1MDB’s board of advisers — which he was chairing — had yet to be formally set up, the Finance Ministry-owned company’s former chairman told the High Court today.
Bakke was chairman of 1MDB’s board of directors briefly, including from when the company was renamed from the Terengganu Investment Authority in September 2009, until his resignation in October 2009 over his dissatisfaction with how the company’s management disobeyed the board of directors while handling a US$1 billion previously, saying: “Let me show you, I may be older than you, but I’m not having a mind that is not focused.
“One of them when I also spelt out the four conditions that the money was to be credited to the joint account of 1MDB-PetroSaudi International that was not mentioned in the final report of PAC.
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