News by Timothy Achariam

A directors’ circular resolution (DCR) from 1MDB’s board dated Oct 11, 2011 that bore the signatures of 1MDB directors Tan Sri Lodin Wok Kamaruddin, Tan Sri Ismee Ismail, Datuk Shahrol Azral Ibrahim Halmi, Tan Sri Ong Gim Huat and Ashvin Jethanand Valiram was attached with a special rights redeemable preference shareholder’s resolution in writing dated Sept 15, 2011 that bore Najib’s signature.

He maintained that there is a need for a writing expert to verify the authenticity of the documents and the signatures.

Deputy Public Prosecutor Norinna Bahadun had applied to have the case against Goldman Sachs International and Goldman Sachs (Asia) LLC tried at the High Court.

In hearing the application put forth by Najib's lawyers, Justice Collin Lawrence Sequerah ruled that the defence be given access to the documents, which are currently being held by the Malaysian Anti-Corruption Commission (MACC).

He said this in reply to Thomas' retort during the cross-examination, as the latter accused Najib of doing nothing when the funds were revealed to be transferred overseas.

Najib said the movement of the money was an operational matter, and that as the Finance Minister and advisor emeritus of SRC, he was only concerned with policy matters.

As such, Thomas alleged that the decisions were made solely on Najib's directives without going through any board of directors.

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”.

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.

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.