SHAH ALAM — Nov. 22, 2018: Former prime minister Datuk Seri Najib Razak today admitted that Malaysia has been cheated by Low Taek Jho or Jho Low, the fugitive businessman wanted in connection with the 1MDB case.
Najib further said that he had a professional relationship with Low the purpose of developing the country’s economy.
“If that is the conclusion (that the government was cheated by Jho Low), if we take into account what we know today, then that’s the truth…” he told Karangkraf editorial adviser Datuk Abd. Jalil Ali in an interview that was broadcast live on the Sinar Harian Facebook page.
Najib agreed that action must be taken against Low if he was found guilty of criminal breach of trust.
“If he (Jho Low) commits an offence and if he commits a criminal breach of trust, he is violating the law, so action must be taken,” Najib said.
However Najib acknowledged that he trusted Low enough to have a professional relationship and that he was also confident with Low’s capability to bring in foreign investments to Malaysia, especially from the Middle East.
“I looked at him from that point of view… if we could use his relationship with those countries we will be able to enhance our diplomatic and economic cooperation. On how he lives his personal life, I don’t know. I found out about that much later.
“If they say he has a superyacht, a jet… or if he likes to party, I have nothing to do with that. In fact, I have no idea what he was doing,” claimed Najib.
The former prime minister pointed out that the government had appointed lawyers, auditors and investment bank Goldman Sachs to monitor the national strategic investment company and protect Malaysia’s interests but they had failed to play their roles.”
Najib did not deny the possibility that the 1MDB case was one reason for the defeat of the Barisan Nasional coalition in the elections on May 9.
On September 20, Najib pleaded not guilty to 21 counts of money laundering and four counts of abuse of power involving 1MDB funds of RM2.3 billion. — Bernama