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[Tempatan] EDISI KAJANG INN 2.0: Semua projek mesti dapatkan restunya!- saksi

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Post time 28-2-2024 10:54 PM | Show all posts |Read mode
Edited by stingerkaypoh at 1-3-2024 12:29 AM

By Ida Lim
Wednesday, 28 Feb 2024 7:24 PM MYT

KUALA LUMPUR, Feb 28 — Then prime minister Datuk Seri Najib Razak’s “blessing” was needed before the Finance Ministry-owned 1Malaysia Development Berhad (1MDB) could proceed with any projects, the company’s former in-house lawyer Jasmine Loo told the High Court today.


Testifying as the 50th prosecution witness in Najib’s trial over the misappropriation of RM2.27 billion of 1MDB funds, Loo said this appeared to be how 1MDB was operating then.

“It seemed to be the practice at the time I joined that everything needed to be floated up to the PM of Malaysia who was also our chairman of board of advisers for his blessing before any project could have been undertaken. So to me, that indicated that whenever 1MDB was going to undertake, it needed to have endorsement from prime minister of Malaysia,” the 50-year-old former lawyer said.

She was explaining the significance of Najib’s role as 1MDB’s board of advisers’ chairman, based on Article 93 in 1MDB’s company constitution which stated that this role is to be filled by the prime minister.

Loo, who was 1MDB general counsel from May 2011 to November 2013, today repeatedly emphasised that Najib was the same individual who was holding different roles at the same time — prime minister; representative of 1MDB’s shareholder Minister of Finance Incorporated (MoF Inc) via his role as finance minister; and as chairman of 1MDB’s board of advisers due to his role as prime minister.

While confirming that she had somewhat familiarised herself with 1MDB’s company constitution or Memorandum and Articles of Association (M&A), she said she had relied heavily on company secretary Goh Gaik Kim on the drafting of 1MDB documents such as circular resolutions, while also confirming that Goh was not a lawyer.

While agreeing that she would be responsible for ensuring 1MDB documentation was legally sound as she was the 1MDB general counsel, Loo said the company secretary would have referred to her if there were any issues with the documents and that the company secretary would have prepared documents if she was clear with the form or format.

Loo agreed with Shafee that generally under the company law, the board of directors is the main organ of the company and that the board’s responsibility is to the company and not to the shareholder. While agreeing that generally the board of directors would have to decide on major issues before it is sent to the shareholder, she said this was not how it happened in 1MDB.

While Shafee argued that the 1MDB board of advisers can only be invoked upon request by the board of directors if advice was needed and that the company constitution did not say individual directors could sought such advice, Loo argued that the 1MDB CEO is a director and that the CEO could seek advice from the highest person in the organisation — which would be the chairman of board of advisers.

While Shafee had argued that the chairman of the board of advisers does not have special powers to make decisions on his own, Loo later insisted that the “practice” in 1MDB “was to refer to the prime minister of Malaysia who was also the chairman of board of advisers”.

Shafee suggested that Loo had failed her duty as 1MDB general counsel to advise the company that this was illegal, but she disagreed.

Shafee then examined Article 117 in 1MDB’s company constitution, where prior approval by the prime minister is required for these key events or key decisions to take effect, namely amendments to the company constitution; the appointment or removal of senior 1MDB management personnel; or decisions affecting national interest, national security or government policies.

Loo said Article 117 had been invoked during her tenure in 1MDB such as for appointments of senior management including the CEO and for financial commitment decisions, but said she was not sure if there was any document in 1MDB which had specifically cited Article 117 as being invoked.

When Shafee said there is no such 1MDB document which mentioned Article 117 as being invoked, Loo said this was what was carried out in practice when 1MDB sought Najib’s approval as the chairman of the board of advisers or when Najib’s approval as the shareholder’s representative is obtained.

When Shafee said such roles are different from the role of the prime minister, Loo disagreed by saying that these are not different role as all the roles were undertaken by one individual.

If different individuals had held the positions of prime minister or finance minister or chairman of 1MDB’s board of advisers or as its shareholder’s representative, Loo said she would have taken a different approach to seeking approval separately from those holding these different positions.

Shafee argued that the 1MDB documents should have clearly stated that Article 117 is being invoked and Najib’s approval was being sought in his role as prime minister.

But Loo said this was not necessarily required as he was “one individual who was holding all three roles at that time” and that “in substance it was that decision of one individual who covered all these provisions including Article 117”.

Loo said she was just following the practice in 1MDB and she did not think the practice was wrong as in substance it was the same individual who was signing off on 1MDB decisions.

Shafee then suggested that she was intentionally ignoring the rules in the company constitution as she was part of a conspiracy together with now-fugitive Low Taek Jho to hoodwink 1MDB funds, but she disagreed.

Najib’s 1MDB trial before trial judge Datuk Collin Lawrence Sequerah is scheduled to resume on March 14, with Shafee expected to continue cross-examining Loo.

-  Malay Mail



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Post time 28-2-2024 11:41 PM | Show all posts
Najib was the same individual who was holding different roles at the same time — prime minister; representative of 1MDB’s shareholder Minister of Finance Incorporated (MoF Inc) via his role as finance minister; and as chairman of 1MDB’s board of advisers





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Post time 28-2-2024 11:54 PM From the mobile phone | Show all posts
Dah memang najib PM masa tu

Takkan nak mintak restu dari mat sabu pulak kot
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Post time 29-2-2024 12:04 AM From the mobile phone | Show all posts
kemaruk replied at 28-2-2024 11:54 PM
Dah memang najib PM masa tu

Takkan nak mintak restu dari mat sabu pulak kot

Tibahh… buat2 naive kan cai?
Memang patut la kena kencing sampai kuyup… hancing. Gadai maruah, gadai moral sebab nak backup boss jd pentaksub. Tak der beza sama penyembah Mawla scammer. Kesiannn!!!

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Post time 29-2-2024 12:23 AM From the mobile phone | Show all posts
manopBKK replied at 29-2-2024 12:04 AM
Tibahh… buat2 naive kan cai?
Memang patut la kena kencing sampai kuyup… hancing. Gadai maruah,  ...

25 tahun kena hancing
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Post time 29-2-2024 12:41 AM | Show all posts

Sembang... hutang ko bayar ke? Tentunye zakar bengkak ke dalam kan?
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Post time 29-2-2024 07:04 AM From the mobile phone | Show all posts
Wak jahit lagi banyok....
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Post time 29-2-2024 08:35 AM | Show all posts
kemaruk replied at 28-2-2024 11:54 PM
Dah memang najib PM masa tu

Takkan nak mintak restu dari mat sabu pulak kot

So, dengan erti kata lain dia mastermind lah..ketua bukan ditipu Jho Low lah kan?




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Post time 29-2-2024 02:13 PM | Show all posts
'Sedap ke makan duit haram?'

Sedaplah tu, malah seronok boleh dpt duit sekian banyak dlm sekelip mata tanpa perlu berusaha keras atau menabung begitu lama. Tu sebab ramai yg tak kesah menyauk wang besar.
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Post time 29-2-2024 04:59 PM From the mobile phone | Show all posts
Kes ni dia akan lepas. Ada ka jolow dgn Nik Faisal X ditangkap
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Post time 29-2-2024 11:21 PM From the mobile phone | Show all posts
Nurdianah replied at 29-2-2024 08:35 AM
So, dengan erti kata lain dia mastermind lah..ketua bukan ditipu Jho Low lah kan?


Dah sah2 la najib PM dan FM, semua projek 1MDB memang kena dapat approval najib.. takkan la mintak ahim sign pulak kot.. sedangkan nak keluarkan C4 dari stor tentera pon najib yang perlu sign kankankan

Jho low pulak mastermind cuci duit dan songlap tanpa pengetahuan najib

Macam biasalah acik2 terkeliru..
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Post time 29-2-2024 11:31 PM | Show all posts
kemaruk replied at 29-2-2024 11:21 PM
Dah sah2 la najib PM dan FM, semua projek 1MDB memang kena dapat approval najib.. takkan la mintak ...

Thanks for mengaku on behalf. Duit tu duit rakyat...tanpa kelulusan kabinet. Belit2 akhirnya terjerat ke? Salah guna kuasa la kan?


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Post time 29-2-2024 11:38 PM From the mobile phone | Show all posts
Nurdianah replied at 29-2-2024 11:31 PM
Thanks for mengaku on behalf. Duit tu duit rakyat...tanpa kelulusan kabinet. Belit2 akhirnya terje ...

So? Dah memang dia PM

Dah ngaku dah jho low mastermind songlap?
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Post time 29-2-2024 11:44 PM From the mobile phone | Show all posts
Edited by Nurdianah at 29-2-2024 11:49 PM
kemaruk replied at 29-2-2024 11:38 PM
So? Dah memang dia PM

Dah ngaku dah jho low mastermind songlap?


In conclusion.. tiada unsur2 penginayaan. Duit masuk akaun sendiri, signature.. dll. All road leads to Boss!

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Post time 29-2-2024 11:46 PM From the mobile phone | Show all posts
Nurdianah replied at 29-2-2024 11:44 PM
In conclusion.. tiada unsur2 penginayaan. Duit masuk akaun sendiri, signature.. dll. All road lead ...

Kalau pemahaman ko macam tu, bangkem takleh nak ajar lagi dah

Dah berbuih tangan bangkem menaip sejak 10 tahun lepas
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Post time 29-2-2024 11:49 PM From the mobile phone | Show all posts
Edited by Nurdianah at 29-2-2024 11:56 PM
kemaruk replied at 29-2-2024 11:46 PM
Kalau pemahaman ko macam tu, bangkem takleh nak ajar lagi dah

Dah berbuih tangan bangkem menaip s ...


PM boleh jadi reprentatives shareholder kew? Kalau kt China haruslah kena hukum tembak kan? Pemahaman siapa ko cuba twist ni?
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Post time 29-2-2024 11:52 PM From the mobile phone | Show all posts
Nurdianah replied at 29-2-2024 11:49 PM
PM boleh jadi shareholder kew? Kalau kt China haruslah kena hukum tembak kan? Pemahaman siapa ko c ...

Najib shareholder 1mdb ke?

Macam2 la korang ni
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Post time 29-2-2024 11:58 PM From the mobile phone | Show all posts
kemaruk replied at 29-2-2024 11:52 PM
Najib shareholder 1mdb ke?

Macam2 la korang ni

Makin jelas lah tiada unsur2 inaya seperti klaim acik2 forum yg bengong! Patut lah ke Kajang…
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Post time 1-3-2024 12:01 AM From the mobile phone | Show all posts
Nurdianah replied at 29-2-2024 11:58 PM
Makin jelas lah tiada unsur2 inaya seperti klaim acik2 forum yg bengong! Patut lah ke Kajang…

Yakinilah

Penyebab2 ko benci najib 99% adalah fitnah

Bangkem yakin penyebab awal ko benci najib sebab ko termakan fitnah najib je boleh tandatanagn keluarkan c4 dari stor tentera kankankan?

Takpon najib tong simenkan kevin morais? Arau najib sembunyi mh370?

Sekarang ko nak kata najib pegang saham 1mdb?
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Post time 1-3-2024 12:08 AM From the mobile phone | Show all posts
kemaruk replied at 1-3-2024 12:01 AM
Yakinilah

Penyebab2 ko benci najib 99% adalah fitnah


Jawab lah macam tu depan hakim, petik lah perkataan pitenah…laku ke idok? Utk cai2 mentaliti makamah kangaroo mungkin lah!
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