Sri Ram: 1MDB was run like a coffee shop at Petaling Street (An excerpt from the ongoing 1MDB Trial)


1MDB run like ‘Chinese coffeeshop at Petaling Street’, court hears

Hidir Reduan Abdul Rashid
Published:  Nov 9, 2021 11:47 AM⋅Updated: 11:47 AM

The prosecution likened 1MDB’s corporate affairs as being “run more like a Chinese coffeeshop at Petaling Street”.

Senior deputy public prosecutor Gopal Sri Ram (above) made this comparison today when objecting to defence counsel Wan Aizuddin Wan Mohammed’s allegedly “irrelevant” line of cross-examination of a prosecution witness.

Wan Aizuddin was cross-examining former 1MDB CEO Mohd Hazem Abd Rahman during today’s corruption trial of former prime minister Najib Abdul Razak linked to RM2.28 billion from the sovereign wealth fund.

Before the Kuala Lumpur High Court today, Sri Ram raised the issue of the defence’s line of cross-examination of Hazem, which the prosecutor contended was not relevant to the prosecution’s case against Najib.

Wan Aizuddin was among other issues, asking Hazem about the utilisation of US$975 million in loan to 1MDB for the buyback of call options from Aabar Investments PJS Limited, one of the international entities linked to the whole affair.

“We agree for what it is worth, that the affairs of 1MDB were run more like a Chinese coffeeshop at Petaling Street.

“We say that these people (various 1MDB personnel among others) acted on the direction of (1MDB-linked fugitive) Jho Low (whose real name is Low Taek Jho), who is the alter ego and mirror image of the accused (Najib), and both acted in concert.

“We were prepared to tolerate this line of cross-examination as it is completely irrelevant to our case,” Sri Ram informed trial judge Collin Lawrence Sequerah.


Prosecutor Sri Ram says 1MDB was run like ‘coffee shop’, blames it on Najib’s ‘alter ego’ Jho Low

Tuesday, 09 Nov 2021 11:35 AM MYT


KUALA LUMPUR, Nov 9 — State-owned investment company 1Malaysia Development Berhad (1MDB) was operated like a “Chinese coffee shop”, but this was due to Low Taek Jho who was the alleged alter ego of Datuk Seri Najib Razak, the High Court heard today.

Lead prosecutor Datuk Seri Gopal Sri Ram reminded the defence lawyers that the prosecution’s 10th witness Mohd Hazem Abd Rahman is not the person on trial but Najib, who is accused of misappropriating more than RM2 billion of 1MDB’s funds.

Sri Ram urged them to ask the witness questions that were relevant.


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