I Wanted To Quit As I Had No Control Of Company Finances Says Ex 1mdb Ceo


Former 1MDB CEO Hazem Abdul Rahman says he was worried about 1MDB’s financial position in 2014, and its ability to service a Maybank loan, taken in 2012.KUALA LUMPUR: Former 1MDB CEO Mohd Hazem Abdul Rahman told the High Court in Najib Razak’s trial that he resigned in 2015 because he felt he had no control over the company’s financial matters
He said he expressed his intention to leave to Najib’s principal private secretary Azlin Alias and then colleague Azmi Tahir, about a year before his official resignation
“As CEO and head of management, I should have full control over 1MDB’s funds that were in and outside of Malaysia
“But Jho Low told me not to disturb the funds overseas,” he said, referring to fugitive businessman Low Taek Jho
Azmi was 1MDB’s chief financial officer at the time
The witness added that he was worried about 1MDB’s financial position in 2014, and doubted the company’s ability to service a Maybank loan, taken in 2012, to purchase Tanjong Energy Sdn Bhd’s independent power plant (IPP)
Hazem said after buying both Tanjong Energy and Genting Sanyen Sdn Bhd’s IPPs, the company bought another IPP company, Jimah Energy Ventures Sdn Bhd
“The Jimah and TRX (Tun Razak Exchange) projects were funded through new loans
“I don’t know if the money, approximately US$3.8 billion that we had outside of Malaysia was still around or if it had been spent for Umno,” Hazem said, adding only Low and then 1MDB general counsel (Jasmine) Loo Ai Swan had control of the funds kept abroad
According to Hazem, Azlin had advised him against quitting and to wait until 1MDB’s subsidiary company was listed in Bursa Malaysia
“After I came home from performing hajj in October 2014, I told Datuk Azlin and Jho Low that I was firm about leaving and asked them to find my successor
“All my subordinates refused to replace me because this CEO role is prone to political exposure,” Hazem said
He told the court on Jan 5, 2015, Arul Kanda Kandasamy clocked in as 1MDB president
“It was the right time for me to leave officially as the president’s portfolio is the same as the CEO’s,” Hazem said
On the planned public-listing of a 1MDB subsidiary, Hazem said that it failed to materialise because of bad press and anchor investors, such as the Employees Provident Fund (EPF), not supporting the move
“Business publications gave negative views on 1MDB and that subsequently influenced prospective investors.”Hazem also highlighted the purported US$1.15 billion payment made to Aabar Investment PJS to extend the security deposit period as Aabar had guaranteed 1MDB bonds for the purchase of the Tanjong Energy and Genting Sanyen IPP purchases
He said 1MDB paid US$1.43 billion as security deposit in 2012 and the purported US$1.15 billion was paid as “top up collateral”, in extending the first payment (US$1.43 billion)
Hazem also testified on how then executive director Terence Geh Choh Heng had passed many documents for him to sign on the security deposit after he came back from Mecca
“I believed Terence took advantage of me by passing me a lot of documents to sign because he did not want me to ask questions
“I was not aware that the two Deutsche Bank loans (US$1.23 billion) were used for this ‘top up collateral’, as the original intention was to buy Aabar’s 49% shares in both 1MDB Energy Limited and 1MDB Energy (Langat) Sdn Bhd,” he said
The hearing continues before High Court judge Collin Lawrence Sequerah
Najib was slapped with 25 charges for abuse of power and money laundering over alleged 1MDB funds amounting to RM2.28 billion deposited in his AmBank accounts between February 2011 and December 2014. - FMT

Artikel ini hanyalah simpanan cache dari url asal penulis yang berkebarangkalian sudah terlalu lama atau sudah dibuang :

http://malaysiansmustknowthetruth.blogspot.com/2020/09/i-wanted-to-quit-as-i-had-no-control-of.html?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+MalaysiansMustKnowTheTruth+%28Malaysians+

Kempen Promosi dan Iklan
Kami memerlukan jasa baik anda untuk menyokong kempen pengiklanan dalam website kami. Serba sedikit anda telah membantu kami untuk mengekalkan servis percuma aggregating ini kepada semua.

Anda juga boleh memberikan sumbangan anda kepada kami dengan menghubungi kami di sini
I Was Stunned When Najib Approved 1mdb Taking Loan To Buy Back Shares Says Ex Ceo

I Was Stunned When Najib Approved 1mdb Taking Loan To Buy Back Shares Says Ex Ceo

papar berkaitan - pada 16/9/2020 - jumlah : 335 hits
Mohd Hazem Abdul Rahman said 1MDB had decided to redeem the 49 share option granted to Aabar Investment PJS through two subsidiary companies KUALA LUMPUR Former 1MDB CEO Mohd Hazem Abdul Rahman told the Najib Razak trial that he was taken a...
Ex 1mdb Ceo S Witness Statement Still Admissible In Najib S Graft Trial

Ex 1mdb Ceo S Witness Statement Still Admissible In Najib S Graft Trial

papar berkaitan - pada 9/9/2020 - jumlah : 298 hits
1MDB TRIAL The alleged hearsay aspects of former 1MDB CEO Mohd Hazem Abdul Rahman s witness statement are still admissible in Najib Abdul Razak s RM2 28 billion 1MDB graft trial the Kuala Lumpur High Court heard today Lead DPP Gopal Sri Ram...
Najib S Defence Wants Parts Of Ex 1mdb Ceo S Witness Statement Removed

Najib S Defence Wants Parts Of Ex 1mdb Ceo S Witness Statement Removed

papar berkaitan - pada 8/9/2020 - jumlah : 343 hits
Najib Abdul Razak s defence team has applied for the removal of parts of a written witness statement by former 1MDB CEO Mohd Hazem Abdul Rahman the Kuala Lumpur High Court heard this afternoon During the former prime minister s RM2 28 billi...
Bekas Ceo 1mdb Enam Alasan Mengapa Jho Low Adalah Orang Kanan Najib

Bekas Ceo 1mdb Enam Alasan Mengapa Jho Low Adalah Orang Kanan Najib

papar berkaitan - pada 15/9/2020 - jumlah : 363 hits
KES 1MDB NAJIB l Bekas Ketua Pegawai Eksekutif 1Malaysia Development Berhad mendedahkan di Mahkamah Tinggi hari ini bahawa ahli perniagaan dalam buruan Low Taek Jho atau Jho Low merupakan orang kanan Datuk Seri Najib Razak dalam mencaturkan...
1mdb Ceo Post Exposed To Political Elements Court Hears

1mdb Ceo Post Exposed To Political Elements Court Hears

papar berkaitan - pada 17/9/2020 - jumlah : 230 hits
The chief executive officer s post of 1MDB was exposed to political elements the Kuala Lumpur High Court heard today Former 1MDB CEO Mohd Hazem Abd Rahman testified this during the RM2 28 billion 1MDB corruption trial of former prime minist...
Bekas Ceo Risau 1mdb Banyak Hutang Mahu Letak Jawatan

Bekas Ceo Risau 1mdb Banyak Hutang Mahu Letak Jawatan

papar berkaitan - pada 17/9/2020 - jumlah : 316 hits
116 total views 116 views today Bekas Ketua Pegawai Eksekutif 1Malaysia Development Berhad memberitahu Mahkamah Tinggi Kuala Lumpur hari ini bahawa beliau risau kerana syarikat mempunyai hutang yang terlalu banyak selain curiga dengan kemam...
Bekas Ceo 1mdb Dedah Cubaan Lindungi Najib

Bekas Ceo 1mdb Dedah Cubaan Lindungi Najib

papar berkaitan - pada 5/9/2020 - jumlah : 314 hits
TERDAPAT konspirasi oleh mereka yang rapat dengan Najib Razak untuk mengeluarkan namanya daripada siasatan 1Malaysia Development Berhad Mahkamah Tinggi Kuala Lumpur diberitahu hari ini Bekas Ketua Pegawai Eksekutif 1MDB Shahrol Azral Ibrahi...
1mdb Masuk Perangkap Liabiliti Korporat Terbesar Dalam Sejarah Bekas Ceo 1mdb

1mdb Masuk Perangkap Liabiliti Korporat Terbesar Dalam Sejarah Bekas Ceo 1mdb

papar berkaitan - pada 15/9/2020 - jumlah : 285 hits
193 total views 193 views today KUALA LUMPUR Bekas Ketua Pegawai Eksekutif 1Malaysia Development Berhad memberitahu Mahkamah Tinggi di sini hari ini beliau bercadang untuk meletakkan jawatan pada 2013 kerana risau tentang 1MDB yang dirasaka...
Ex Ceo I Was Told 1mdb Was Meant To Fund Umno

Ex Ceo I Was Told 1mdb Was Meant To Fund Umno

papar berkaitan - pada 15/9/2020 - jumlah : 393 hits
1MDB TRIAL Former 1MDB CEO Mohd Hazem Abd Rahman today testified that businessperson Low Taek Jho or Jho Low had informed him that the company was set up to help fund Umno Hazem reading his witness statement told the Kuala Lumpur High Court...
Celebrate A Peranakan Christmas In Kuala Lumpur With Santa Grand Signature S Exclusive Buffet

Maggi Malam S Roadside Success Sparks Controversy Over Alleged Unlicensed Operation

Lirik Lagu Sejarah Dato Sri Siti Nurhaliza

Latheefa Koya Tak Nak Masuk Umno Ker

Siti Nurhaliza Sejarah Chord

Bayangkan Ejen Mossad Di Komtar Jb

Rm12 8bil In Unclaimed Money Awaiting Owners

We Buy Small To Medium Sized Companies


echo '';
Senarai Lagu Separuh Akhir Muzik Muzik 39 Semi Final Muzik Muzik SFMM 2024 Persaingan Merebut Tiket Ke AJL Anugerah Juara Lagu

Biodata Terkini Fairuz Selamat Q Face Peserta Gegar Vaganza 2024 Musim 11 GV11 Penyanyi Lagu Izinkanlah

Biodata Terkini Arrora Salwa Salwa Razak Peserta Gegar Vaganza 2024 Musim 11 GV11 Penyanyi Lagu Ahmad

Biodata Terkini Penyanyi Liza Aziz Peserta Gegar Vaganza 2024 Musim 11 GV11 Adik Beradik Kepada Azlina Aziz

Senarai Peserta Gegar Vaganza 2024 Musim 11 GV11 Tonton Konsert Minggu 1 Pada 24 November Live Di Astro Ria Sooka Online


Makna Dan Jobbie Meraikan Pink Wobbly Breast Odyssey Di Kpj Damansara 2

Ahli Parlimen Pembangkang Cadang Kerajaan Sedia Pulau Tempatkan Pelarian

Lelaki Maut Dihempap Batu Kuari

Israel Mahu Kebebasan Serang Lubnan Selepas Gencatan Senjata

Yang Nak Berpeluang Miliki Microsoft Surface Pro Terpakai Jangan Lepaskan Peluang Ni

Pemandu Wanita Dihempap Kontena Sempat Telefon Ibu 4 Minit Sebelum Meninggal