Translate
15 September 2020
Najib approved additional loan of US$975 million to redeem Aabar options - Witness
Najib approves additional loan of US$975 million to redeem Aabar options - Witness
BERNAMA
15/09/2020 08:35 PM
KUALA LUMPUR, Sept 15 -- Former CEO of 1MDB Mohd Hazem Abd Rahman, a witness in Datuk Seri Najib Tun Razak’s trial, told the court today that he was shocked when the former prime minister approved the loan of US$975 million to buy back 1MDB’s shares in Aabar Investment PJS in 2014.
He said as the CEO of the company, he was not informed of the additional loan taken out from Deutsche Bank AG and had learned about the matter after receiving an email from the fugitive businessman Low Taek Jho or Jho Low.
“Attached with the email was the documents showing the approval given by Najib as the Minister of Finance (Incorporated).
“The approval was obtained when Najib signed the documents titled ‘Minutes by Representative of Holding Company Relating to Proceedings of Subsidiary Company Pursuant To Section 147(6) Of the Companies Act 1965 and ‘Special Rights Redeemable Preference Shareholder’s Resolution In Writing’,” he said.
According to the witness, 1MDB chief financial officer (CFO) Azmi Tahir was also not aware of the loan proposal made by Jho Low.
--BERNAMA
Popular Posts - Last 7 days
-
BBQ Buffet Buy 2 Free 1 Experience a sumptuous BBQ Steamboat Buffet Dinner with Royale Chulan's exclusive "Buy 2 Free 1&qu...
-
Wan Saiful trial: Prosecution witness says RM38,160 deposited into Sinar Karangkraf account Bernama 18/09/2024 Former Bersatu Information c...
-
Officials describe apparent assassination attempt on Donald Trump Trump was the subject of an apparent assassination attempt at his...
-
KLIA immigration officers now banned from using mobile phones while on duty - Azam Baki Bernama 18/09/2024 The Chief Commissioner of the Ma...
-
Witness: Guan Eng approved RM2m bribe through middleman to avoid MACC detection KUALA LUMPUR, Sept 20 — The Sessions Court was told today ...
-
Pharmaniaga launches Malaysia's first locally owned biopharmaceutical plant Bernama 19/09/2024 Defence Minister Datuk Seri Mohamed Khal...
-
Tupperware files for bankruptcy as its colorful containers lose relevance Reuters 18/09/2024 Tupperware Brands Corp's struggles resumed ...
-
Australia police charge man with being alleged mastermind of global crime app Reuters 18/09/2024 An Australian Federal Police officer arrest...
-
Emmy Awards 2024 Winners List: ‘Shogun’ Dominates With 18 Wins, and ‘The Bear’ Cooks Up 11 VARIETY For the second time this year, Hol...
-
A prisoner from Sungai Buloh Prison has escaped from Sungai Buloh Hospital, while receiving treatment The escapee, identified as 27-year-old...
Popular Posts - Last 30 days
-
Malaysia COVID-19 cases soar above 5k Melissa Fernando ASRTRO AWANI Julai 16, 2022 = Malaysia COVID-19 cases soar above 5k There were eigh...
-
37 individuals remanded in probe into misappropriation of PenjanaKerjaya funds Bernama Julai 15, 2022 MACC today remanded 37 individuals to...
-
Twitter sues Elon Musk to hold him to $44 billion deal Reuters Julai 13, 2022 The lawsuit accused Musk of "a long list" of viola...
-
All Malaysian pilgrims complete haj pilgrimage Bernama Julai 12, 2022 All 14,305 Malaysian pilgrims have completed the Haj without any unt...
-
BBQ Buffet Buy 2 Free 1 Experience a sumptuous BBQ Steamboat Buffet Dinner with Royale Chulan's exclusive "Buy 2 Free 1&qu...
-
Wan Saiful trial: Prosecution witness says RM38,160 deposited into Sinar Karangkraf account Bernama 18/09/2024 Former Bersatu Information c...
-
Shahrol Azral transferred 1MDB money to Jho Low's company twice - Najib's lawyer Named 02/09/2024 Datuk Shahrol Azral Ibrahim Halmi...
-
Evening Standard Otter attack in Malaysia leaves woman bloodied and unable to stand EVENING STANDARD 12 September 2024 Otter attack in Mal...
-
CIMB recorded a net profit of RM3.9 billion in 6 months ASTRO AWANI 31/08/2024 Novan said CIMB's achievements were supported by the tru...
Blog Archive
-
►
2024
(2940)
- September (256)
- August (356)
- July (273)
- June (329)
- May (352)
- April (317)
- March (342)
- February (352)
- January (363)
-
►
2023
(3771)
- December (311)
- November (322)
- October (286)
- September (288)
- August (365)
- July (349)
- June (372)
- May (316)
- April (279)
- March (301)
- February (245)
- January (337)
-
►
2022
(4309)
- December (352)
- November (422)
- October (288)
- September (281)
- August (347)
- July (303)
- June (335)
- May (406)
- April (341)
- March (371)
- February (390)
- January (473)
-
►
2021
(9030)
- December (636)
- November (647)
- October (809)
- September (797)
- August (880)
- July (894)
- June (747)
- May (780)
- April (580)
- March (629)
- February (643)
- January (988)
-
▼
2020
(6800)
- December (819)
- November (698)
- October (832)
- September (729)
- August (548)
- July (558)
- June (615)
- May (394)
- April (368)
- March (453)
- February (439)
- January (347)
-
►
2019
(4089)
- December (411)
- November (425)
- October (375)
- September (279)
- August (397)
- July (353)
- June (326)
- May (315)
- April (266)
- March (318)
- February (293)
- January (331)
-
►
2018
(4100)
- December (305)
- November (304)
- October (357)
- September (352)
- August (420)
- July (442)
- June (366)
- May (412)
- April (343)
- March (275)
- February (233)
- January (291)
-
►
2017
(3888)
- December (268)
- November (293)
- October (352)
- September (309)
- August (356)
- July (300)
- June (319)
- May (354)
- April (316)
- March (335)
- February (306)
- January (380)
-
►
2016
(4563)
- December (331)
- November (328)
- October (378)
- September (415)
- August (404)
- July (380)
- June (310)
- May (370)
- April (430)
- March (484)
- February (355)
- January (378)
-
►
2015
(4588)
- December (402)
- November (392)
- October (393)
- September (375)
- August (450)
- July (392)
- June (456)
- May (407)
- April (408)
- March (374)
- February (262)
- January (277)