Jho Low's Acme obtained US$126m in IMTN bond flip, says auditor
AmBank, as the lead arranger and primary subscriber to the bond, had proceeded with the IMTN issuance with TIA following an agreement signed on May 15, 2009.
AmBank, as the lead arranger and primary subscriber to the bond, had proceeded with the IMTN issuance with TIA following an agreement signed on May 15, 2009.
Ambrin testified that the NAD special audit team for 1MDB — which comprised 12 officers — experienced certain limitations when conducting the audits, as some of the original and important documents which were supposed to be used to verify transactions and audit evidence were either submitted late or were not submitted at all by the fund.
Nor Salwani said she came for the Feb 24 meeting as the coordinator of the 1MDB audit report team but was not allowed into the room.
Azam, in his affidavit, said the authorities received the document from Justo in official confidence.
The prosecution's fifth witness, Nor Salwani, said today she had printed out 60 copies of the final draft of the 1MDB audit report, and on Feb 22, 2016, gave Ambrin six copies to hand out to Najib, the former premier's chief private secretary Tan Sri Shukry Mohd Salleh, Ali, Datuk Dzulkifli Ahmad from the Attorney General's Chambers, and former 1MDB CEO Arul Kanda Kandasamy.
Ali can be heard saying in the audio recording that the meeting is held to go through the audit report and verify certain things.
This was revealed by former chief secretary to the government Tan Sri Ali Hamsa, who is the fourth prosecution witness in the 1MDB audit report tampering trial.
"Najib instructed me to hold a coordination meeting between the National Audit Department and former 1MDB chief executive officer Arul Kanda Kandasamy and other officers."
The Federal Court judge said a purposive reading of Article 132 reflects the administrative structure envisaged for the governance and operation of the Federation, and not to determine who can be held liable for misfeasance while holding public office.
"It seemed (Najib's) defence is pre-planning to postpone the defence in the other (SRC trial). I am suggesting as affirmed in paragraph 20 (Najib) is not telling the whole truth."