Najib denies blaming board for 1MDB fiasco

Updated 5 years ago · Published on 21 Jun 2018 10:18PM · 3 Comments

Najib Razak is under investigation over the RM42 million transferred into his bank accounts from SRC International, a former subsidiary of 1MDB. – EPA pic, June 21, 2018.

FORMER prime minister Najib Razak today denied blaming 1MDB’s board for the financial debacle surrounding the state investor.

The statement follows an exclusive interview Najib granted Reuters recently where he was quoted as saying that it was incumbent upon the board to inform him if something was wrong in 1Malaysia Development Bhd.

“Najib would like to clarify that during the interview what he said was any board has a fiduciary duty to act in the best interests, and that the 1MDB board had a duty and responsibility to advise him on the running of the investment fund,” the unsigned statement said.

At no point during the interview did he say the 1MDB board was to be blame for what had happened in the state investor, it said.

Najib will make further clarification on this at the appropriate time, the statement added.

In the Reuters interview, Najib said the cash, handbags and jewellery seized from his home and several premises are “gifts to his wife and daughter” and have nothing to do with funds misappropriated from 1MDB.

Najib and his wife, Rosmah Mansor, are barred from leaving the country. They were questioned by the Malaysian Anti-Corruption Commission (MACC) in relation to the RM42 million transferred into his bank accounts from SRC International, a former subsidiary of 1MDB. – June 21, 2018.

Sign up or sign in here to comment.

Comments

  • Sue same dia Jib...jangan tak sue. Berani diaorang misquote Pendekar Bugis. CIS!!!

    Posted 5 years ago by Wire bug · Reply

  • HE IS STUPID!!! A TOTAL IDIOT!!. And he still think he did not lose to PH???? Well, being stupid is still not a legal defense..Its only compassionate to end his suffering by sending him off..

    Posted 5 years ago by Bigjoe Lam · Reply

  • Better to keep quiet and hide in a hole instead of keep contradicting yourself with your lies and delusions.

    Posted 5 years ago by Kenneth Tan · Reply