Decisions to seek initial RM3.95b KWAP loan made before SRC directors formally appointed
As such, Thomas alleged that the decisions were made solely on Najib's directives without going through any board of directors.
Najib insists its up to KWAP to give RM2b loan to SRC
This is despite attorney-general Tan Sri Tommy Thomas bringing out the KWAP investment paper to the board that initially recommended a RM1 billion cap, followed by minutes of the second meeting by the fund’s investment panel where its chairman Tan Sri Wan Abdul Aziz Wan Abdullah said Najib had told him that “RM2 billion was sufficient”.
Najib: We need an expert witness because my signature was forged
He questioned the authenticity of some 15 documents that had been tendered in court, which he initially agreed contain his signature, but now questioned their authenticity.
Najib explains Rosmah's watch buy as making up for shortened holiday
Replying to questions from his lead counsel Tan Sri Muhammad Shafee Abdullah, the former premier said at that time, there were massive floods happening in the east coast states of Peninsular Malaysia, especially in Kelantan.
Najib spent almost half a million ringgit on Rosmah's Chanel birthday watch
...and about RM3.28 million was spent with Swiss luxury jeweller De Grisogono in Sardinia, Italy. Najib said the jewelry were to be gifts, and it was his prerogative to spend the RM42 million that ended up in his accounts at his discretion, for the benefit of Malaysia.
Najib 'utterly shocked' Jho Low managed his accounts
"I cannot explain this. I am utterly shocked that the bank deals with Jho Low although the power was only given to [former SRC International Sdn Bhd managing director] Nik Faisal Ariff Kamil. I have never allowed Jho Low to deal with the bank over my banking accounts and I was not informed [about] this," said Najib.
Najib says Azlin told him in 2014 King Abdullah will make more donations
Najib said he believes that Azlin may have been told about the additional monies from fugitive financier Low Taek Jho, who is better known as Jho Low.
Najib: I did not micromanage MoF Inc companies
He was reading out his witness statement in the High Court yesterday, where he also refuted earlier testimonies saying that he would give directions to the board through SRC’s former chief executive officer and managing director Nik Faisal Ariff Kamil, who was the sole link between the two parties.
Najib: Saudi king donated US$800m to prevent Arab Spring spread into Malaysia
During his examination-in-chief by defence lawyer Rahmat Hazlan today, Najib testified that King Abdullah had donated US$800 million through a series of transactions from Tanore Finance Corp into his AmBank account in early 2013, as a "gift that I can spend at my absolute discretion".
Najib narrates relationship with Jho Low
"I found that Jho Low was successful in collaborating with the Arabs and Khazanah Nasional Bhd in the Iskandar Development," said Najib.
