Ex-chairman says suspected Najib would personally benefit from 1MDB's US$1b investment, due to deadline pressure and Jho Low

KUALA LUMPUR, May 18 — Tan Sri Mohd Bakke Salleh today said he had decided to only send a text message in 2009 to Datuk Seri Najib Razak to inform why he was resigning as 1Malaysia Development Berhad chairman, as he was suspicious that the then prime minister Najib had personal interest in the government-owned firm 1MDB’s US$1 billion “investment”.

“I thought about that, but I decided against it, but I wasn’t comfortable. In my mind, I had this feeling that the PM was part of this scheme of things,” he told the High Court. “So we all have kind of very uneasy feeling. Why this pressure, why the hurry wanting to get this executed,” Bakke explained.

Confirming that he was saying that the prime minister would have “personal benefit” in the joint venture deal, Bakke also confirmed his suspicion that the prime minister had given such a short time for the 1MDB board to decide as he has a “personal interest” in the matter. In response to Shafee’s challenge on what clue he had to suspect Najib of instructing the 1MDB management not to listen to the 1MDB board, Bakke explained that this was based on factors such as the haste in which the US$1 billion investment was made and Jho Low’s coordinating role and the pressure on the 1MDB board to firm up its decision on the deal.

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