NEWSLETTER

Sign up to read weekly email newsletter
Asia Tech Times
Donate
Search
  • Home
  • Breaking News
  • Business
  • Finance
  • Medical
  • Political
Reading: Former Malaysian Prime Minister Najib: 1MDB CEO is lucky, I am the defendant
Share
Font ResizerAa
Asia Tech TimesAsia Tech Times
  • Finance
  • Technology
Search
  • Home
  • Categories
    • Finance
    • Technology
  • More Foxiz
    • Blog Index
    • Forums
    • Complaint
    • Sitemap
Follow US
Made by ThemeRuby using the Foxiz theme. Powered by WordPress
Political

Former Malaysian Prime Minister Najib: 1MDB CEO is lucky, I am the defendant

By Asia Tech Times
Last updated: 08/04/2025
4 Min Read
Share

Kuala Lumpur – Datuk Seri Najib Razak says the former 1Malaysia Development Bhd (1MDB) chief executive was “lucky” to escape prosecution, while the former prime minister ended up in the dock.

In his 525-page witness statement before the High Court yesterday, Najib pointed the finger at Datuk Shahrol Azral Ibrahim Halmi, claiming He was in cahoots with fugitive businessman Low Taek Jho, also known as Jho Low, and was responsible for the incident.

“I am the defendant. Isn’t he lucky? Because if I were not the former prime minister and finance minister, I really believe that the position he occupies will not be the witness box, but the defendant’s box,” Najib said.

Prosecution witness Shahrol testified that he carried out the action plan provided by Jho Low because he believed the instructions had Najib’s approval and blessing.

He served as chief executive during 1MDB’s involvement in a US$1 billion investment in a joint venture with PetroSaudi International (PSI) Ltd.

The court heard that the $1 billion had been transferred to two different shell companies belonging to Jho Low and one of his partners.

“As for Datuk Shahrul’s convenient excuse that he facilitated the remittance of US$1 billion because he allegedly believed the instructions were issued by me, one might admire the audacity of this claim if it were not so patently absurd, as It is not only contemporaneous with written evidence.

“But having said that, it seems to me that the evidence could easily be ignored,” Najib said.

Najib said Shahrul’s “unbelievable” explanation for the $1 billion remittance was only politically motivated against him.

Najib said holding Shahroo accountable for the remittances would expose the fragility of his narrative and damage his credibility.

“Instead, he was allowed to hide behind this excuse and essentially get away with $1 billion in damages so that he could be painted as a flawless, completely credible witness, perhaps even a model witness for abuse of power. The gold standard.

He also rejected prosecutors’ claims that he abused his position to obtain $20 million in kickbacks.

The former prime minister said prosecutors accused Najib of taking steps, including allegedly directing the 1MDB board to pass a resolution to form a joint venture with PSI, to obtain a payment of US$9,999,977 on February 24, 2011, and on June 14 of the same year. $9,999,977.

“However, the prosecution claims that my holding the two most powerful positions of head of government and head of expenditure, as prime minister and finance minister, would jeopardize my political career and the reputation I have built. In order to win twice It has been more than 40 years since the crime was committed for US$9,999,977.

“This is their desperate claim and only a fool would believe it,” he said.

Najib faces four counts of using his position to solicit RM2.28 billion from 1MDB funds, and 21 counts of money laundering involving the same amount.

The hearing continues today before Judge Collin Lawrence Sequerah.

TAGGED:1MDBCEOdefendantluckyMalaysianministerNajibPrime

Sign Up For Daily Newsletter

Be keep up! Get the latest breaking news delivered straight to your inbox.
By signing up, you agree to our Terms of Use and acknowledge the data practices in our Privacy Policy. You may unsubscribe at any time.
Share This Article
Facebook Email Copy Link Print

SUBSCRIBE NOW

Subscribe to our newsletter to get our newest articles instantly!

HOT NEWS

Malaysia’s Sunway Team Chairman Jeffrey Cheah States The Very Best Is Yet To Find

Jeffrey Cheah. Ian Teh Forbes Asia This tale belongs to Forbes’ record on Malaysia’s wealthiest…

09/06/2025

China’s CATL Really feels the Pinch of a Lithium Cost Downturn it Developed

Years of long-lasting decreases in lithium costs are currently beginning to take a toll on…

19/03/2025

OpenAI strategies Sora video clip generator combination right into ChatGPT

Sora was released in December 2024 as a standalone internet application, making it possible for…

19/03/2025

YOU MAY ALSO LIKE

Legislation outlawing deepfakes of prospects in position for very first time in GE2025, to name a few standards: ELD

April 16, 2025 Singapore – A brand-new regulation banning the bogus or digitization of on the internet products, the political…

Political
17/04/2025

A lot of Thais question union’s security: Viewpoint study

Bangkok – According to a viewpoint study, most Thais have questions concerning the security of the union federal government. The…

Political
30/04/2025

South Korea’s ex-first pair to take 11 animals when they vacate governmental house on Friday

April 11, 2025 Seoul – Previous Head Of State Yoon Suk Yeol and his better half Kim Keon Hee will…

Political
11/04/2025

Japanese court careful of future injury from Marriage Church, regards prohibited contributions were systemic, long term

March 27, 2025 Tokyo – As the injury triggered by the marriage church goes beyond 20 billion yen, the Tokyo…

Political
03/04/2025

Asia Tech Times (ISSN: 3079-8566) stands as a preeminent authority in technology journalism, delivering profound insights and strategic intelligence on the technological advancements shaping the Asia-Pacific region and beyond. Renowned for its depth of analysis and editorial excellence, the publication serves as a critical nexus for industry leaders, policymakers, scholars, and innovators navigating the evolving digital landscape.

  • Jobs Board
  • About Us
  • Contact Us
  • Privacy Policy
  • Exclusives
  • Learn How
  • Support
  • Solutions
  • Terms And Conditions
  • Editorial Policy
  • Marketing Solutions
  • Industry Intelligence

Follow US: 

Copyright © 2025 Asia Tech Times. All Rights Reserved.

All content published by Asia Tech Times (ISSN: 3079-8566), including but not limited to articles, reports, editorials, graphics, images, logos, and digital media, is the exclusive intellectual property of Asia Tech Times and is protected under international copyright laws and treaties.

Asia Tech TimesAsia Tech Times
Welcome Back!

Sign in to your account

Username or Email Address
Password

Lost your password?