KUALA LUMPUR — Aug. 6, 2019: A former minister recalled today about being told by former prime minister Datuk Seri Najib Razak to not be involved in matters relating to 1Malaysia Development Board after he had voiced his reservations.
Najib’s words to then finance minister II Datuk Seri Husni Hanadzlah were: “You don’t worry, Husni, from today onwards, don’t get involved…. I don’t want you to interfere”.
Prior to this Husni had mentioned to Najib about the risks of the plan by 1MDB to invest in PetroSaudi International Ltd. Husni raised his concern after learning that 1MDB was planning to invest in the oil and gas company.
“I went to meet with Najib and expressed my concern. I told him we (the government) could not invest in PetroSaudi because the company was still exploring for oil. If the oil is not found, the investment would be gone.
“Apart from that, the 1MDB staff also had no experience in oil and gas. I told Najib why not ask Petronas to invest in the company because Petronas has more experience in the field but he said ‘you don’t worry, Husni, from today onwards, don’t get involved.”
Husni testified also about meeting Najib when he learned that the later had wanted to set up 1MDB. Husni was appointed to the finance portfolio in 2009 and quit in June 2016.
“I told Najib we cannot set up a company without conducting a feasibility study. We need to have the financial projections of 10 to 20 years to ensure the company is viable but he said ‘I know what I’m doing; I am going ahead,” said Husni.
In August 2010 he sent a personal letter to Najib to advise him, expressing concern over the setting up of 1MDB company as it could create a controversy and of its effect on the government and to him (Najib) personally.
“I started the letter with ‘I’m worried’,” he remarked.
Najib spent RM606.51 million from AmBank accounts in three years
Also today, former AmBank officer Joanna Yu continued her testimony by revealing that Najib spent over RM606.51 million from his accounts over three years.
When asked if Najib knew of the transactions based on her perspective as a banker and the bank statements, Yu said yes.
The court also heard that Najib had received RM212,367,697.57 of foreign monies during the same period.
Najib, 66, is facing several charges involving RM42 million from SRC International Sdn. Bhd. Hearing continues on Thursday. — Bernama