KUALA LUMPUR: Datuk Seri Najib Tun Razak testified in the High Court on Tuesday that he never discussed the transition of the Terengganu Investment Authority into 1Malaysia Development Berhad with fugitive businessman Low Taek Jho, also known as Jho Low or former Second Finance Minister Tan Sri Nor Mohamed Yakcop.
"If Jho Low were truly conspiring with me to ensure that TIA evolved to 1MDB and if there were discussions on this matter between me, Jho Low, and Tan Sri Nor Mohamed in the past, then there would be no need for such an elaborate letter trying to convince me and him to agree to evolve TIA to 1MDB," he said.
Earlier, Najib explained that the idea of federalising TIA was raised after its then-chief executive officer, Datuk Shahrol Azral Ibrahim Halmi, wrote to him and Nor Mohamed on May 25, 2009, highlighting internal conflicts between TIA’s management and MBTI. ="I cannot specifically recall this letter, as there is no acknowledgement from me or my office, no notation by me, nor was it shown to me during the investigation. If I had received this letter at the time, I would have assumed that Datuk Shahrol had prepared it, as he is the signatory. I would not have known that Jho Low assisted Shahrol in drafting it," said Najib.
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