{"id":12370,"date":"2021-11-16T17:18:22","date_gmt":"2021-11-16T09:18:22","guid":{"rendered":"https:\/\/newmalaysiatimes.com\/?p=12370"},"modified":"2021-11-16T17:18:23","modified_gmt":"2021-11-16T09:18:23","slug":"jholow-told-najib-not-to-speak-too-much-with-kpmg-on-1mdb","status":"publish","type":"post","link":"https:\/\/newmalaysiatimes.com\/?p=12370","title":{"rendered":"JhoLow told Najib \u2018not to speak too much\u2019 with KPMG on 1MDB"},"content":{"rendered":"\n

Kuala Lumpur, Nov 16 — The High Court was today told that wanted fugitive Low Taek Jho, or JhoLow had instructed Najib Razak \u201cnot to speak too much\u201d on 1MDB to audit firm KPMG Malaysia as a strategy before the meeting with the firm.<\/p>\n\n\n\n

Former 1MDB chief financial officer Azmi Tahir, when disclosing the matter, said the instruction was made through an email titled \u201cUrgent: Briefing Package for YAB PM\u201d, which he sent to the former prime minister and 1MDB representatives, himself included, before the meeting, which was held on Dec 15, 2013, at Najib\u2019s residence.<\/p>\n\n\n\n

\u201cIn the email, JhoLow instructed Najib not to speak too much with KPMG and it must be said that Najib had been briefed, that he knew about all the investments and transactions in 1MDB, and (that he was) confident with the existing documents.<\/p>\n\n\n\n

\u201cJhoLow also instructed Najib to express his confidence in BSI Bank based on the facts provided,\u201d he said when reading his 127-page witness statement at Najib\u2019s corruption and money laundering trial involving RM2.3 million belonging to 1MDB.<\/p>\n\n\n\n

He told the court that the meeting was held because KPMG wanted to know Najib\u2019s knowledge of 1MDB\u2019s US$2.3 billion abroad, especially the investment by Brazen Sky Limited, a special purpose vehicle (SPV) established on July 12, 2012 to repatriate investment monies by 1MDB.<\/p>\n\n\n\n

\"jholow\"<\/figure><\/div>\n\n\n\n

On the meeting held at Najib\u2019s house on the night of Dec 15, 2013, Azmi, who is the 12th prosecution witness, said he found that Najib had also received the same email from Jho Low and that he (Najib) had discussed matters outlined by Jho Low in the email with KPMG representative Johan Idris.<\/p>\n\n\n\n

He said there were also other KPMG representatives who wanted to attend the meeting, but that Najib did not allow them to enter his house.<\/p>\n\n\n\n

During the meeting, Johan had asked Najib about the investment in Bridge Global Absolute Return Fund SPC and Najib replied that he knew about Brazen Sky Limited\u2019s investment in Bridge Global Absolute Return Fund SPC.<\/p>\n\n\n\n

\u201cAt the meeting, Najib also questioned KPMG for still raising suspicion on the \u2018underlying assets\u2019 of the investment when BSI Bank itself had shown the investment statement.<\/p>\n\n\n\n

\u201cNajib also told KPMG to close the 1MDB account before Dec 31, 2013,\u201d he said, adding that after the meeting, KPMG still did not close the 2013 financial report because it was not satisfied with the answers given.<\/p>\n\n\n\n

Azmi said that at the end of 2013, 1MDB terminated KPMG\u2019s contract and that it was replaced by audit firm Deloitte.<\/p>\n\n\n\n

Azmi said although he was the CFO in 1MDB, where the audit came under his jurisdiction, it was JhoLow who had arranged all the documentation and talking points for Najib to answer questions raised by KPMG.<\/p>\n\n\n\n

Najib, 68, is facing four charges, namely using his position to obtain bribes amounting to RM2.3 billion from 1MDB funds and 21 charges of money laundering involving the same amount.<\/p>\n\n\n\n

The trial before judge Collin Lawrence Sequerah continues.<\/p>\n\n\n\n

NMT<\/a> as reported by Bernama<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

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