Examination-in-chief of ex-1MDB CEO to be completed today

Examination-in-chief of ex-1MDB CEO to be completed today
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KUALA LUMPUR (Sept 17): The prosecution in ex-prime minister Datuk Seri Najib Razak's abuse of power and money laundering trial is expected to complete the examination-in-chief of former 1Malaysia Development Bhd (1MDB) chief executive officer Mohd Hazem Abdul Rahman at the High Court here today.

Mohd Hazem, who is the 10th prosecution witness, has about 20 more pages to go out of his 110-page witness statement as he testified against Najib in the trial, which is also known as the 1MDB-Tanore trial.

Today, deputy public prosecutor (DPP) Mustaffa P Kunyalam is expected to finish Mohd Hazem’s reexamination before senior DPP Datuk Seri Gopal Sri Ram starts asking the witness several questions.

On Tuesday (Sept 15), it was reported that Mohd Hazem had alleged that Najib had pressured him to request audit firm KPMG to conclude the audit of 1MDB’s financial statements for 2013 despite certain irregularities that it found.

This was due to the fact that KPMG had found out that Najib, as 1MDB’s shareholder, was aware of 1MDB’s bogus investments in Brazen Sky Ltd, a company incorporated in the British Virgin Islands by Low Taek Jho, according to Mohd Hazem.

The trial resumes this morning.

Read also:
1MDB ex-CEO: Najib pressured me to replace 1MDB auditor

The Edge is covering the trial live here.

Users of The Edge Markets app may tap here to access the live report.

Chong Jin Hun