KUALA LUMPUR, June 22 — Datuk Seri Najib Razak’s 1Malaysia Development Berhad trial at the High Court today kicked off with a heated exchange between Datuk Seri Ahmad Husni Mohamad Hanadzlah and Najib’s lead counsel over the former minister’s involvement in 1MDB.
The state investment firm had started out as the Terengganu state government-owned TIA, but was later acquired by the federal government to be fully owned by the Finance Ministry’s Minister of Finance Incorporated and was then renamed in September 2009 to be 1MDB. “So, it all comes from the top and for me to sign,” he said, adding that this was procedural in accordance with the now-defunct official sign off, “When pressed further by Muhammad Shafee if this meant his opinion did not matter, Ahmad Husni replied in the affirmative.. It all comes from the top, so what else can I do?” he replied.
In reply, Ahmad Husni said he was acquainted with Najib for over 40 years and “knew” him very well and had told Najib that 1MDB should not be formed without a feasibility study to evaluate financial risks and ensure that the government would gain from investments.This prompted Muhammad Shafee to interrupt again and insist Ahmad Husni was not answering his question.
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