Ex-1MDB CEO raised concerns about Jho Low’s credibility to Najib, says ex-aide

Fugitive financier Low Taek Jho, better known as Jho Low. (File pic)

KUALA LUMPUR: Najib Razak’s former aide told the High Court today that former 1MDB chief executive officer Arul Kanda Kandasamy previously warned the former prime minister that he had doubts about businessman Low Taek Jho’s character.

Amhari Efendi Nazaruddin said Arul raised these concerns to Najib during a meeting at his Langgak Duta house.

“We had a meeting at Datuk Seri’s house to discuss issues involving IPIC. Arul questioned whether what Jho Low said about the fund units was true or otherwise,” he said in response to a question by fiat prosecutor Gopal Sri Ram.

Amhari was referring to International Petroleum Investment Company, better known as IPIC. IPIC and Aabar Investments PJS have initiated arbitration proceedings against 1MDB and Ministry of Finance Incorporated (MoF Inc) in a London court.

1MDB and MoF Inc agreed to pay US$5.78 billion to IPIC and the bond trustee over a five-year period under a consent judgment in 2016.

However, Pakatan Harapan filed an application to challenge the decision on grounds of fraud and public policy.

This is because Malaysia is obliged to, among others, to take full responsibility for all interest and principal payments under two bonds issued by 1MDB in 2012 that IPIC jointly guaranteed.

The Barisan Nasional government had paid US$1.6 billion for the consent judgment up to May 2019.

Arul joined 1MDB in 2015 and was sacked after PH took over the federal government last year.

Meanwhile, Amhari said former second finance minister Johari Abdul Ghani had told him that Malaysia should contest the arbitration proceeding in London.

“However his view was not taken seriously,” he said.

The hearing continues before High Court judge Collin Lawrence Sequerah on Sept 23.