1MDB officials reported directly to Najib, not MoF, court told — Transcript

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1. 0:00[Music]
2. 0:02a former senior treasury officer told
3. 0:04the kuala lumpur high court in najib
4. 0:05razak's 1mdb trial that company
5. 0:08officials had to report their operations
6. 0:10directly to the former prime minister
7. 0:13former treasury deputy secretary general
8. 0:15siti zarya mohammed desa said minister
9. 0:18of finance incorporated a unit under the
10. 0:20finance ministry had specific guidelines
11. 0:23for companies under its control
12. 0:26she said these companies needed to
13. 0:28obtain approval from the ministry before
14. 0:30proceeding with any investments
15. 0:33however in 1mdb's case citizenia said
16. 0:36the company's matters were reported
17. 0:38directly to najib who was also the
18. 0:40finance minister
19. 0:42she also said the treasury was unclear
20. 0:44about the purpose of 1mdb's joint
21. 0:46venture with petro saudi international
22. 0:48limited adding that her department mof
23. 0:51incorporated was not consulted by the
24. 0:53company
25. 0:55city zarya said she informed then second
26. 0:57finance minister ahmad husni hanasla
27. 1:00that they had no other avenues to obtain
28. 1:02information on psi
29. 1:05she also told the court that the 1mdb
30. 1:07management led by former ceo shahrul
31. 1:10azral ibrahim halni was uncooperative to
32. 1:13the treasury
33. 1:14city zarya also said she did not
34. 1:16understand how some provisions were
35. 1:18included in one mdb's memorandum and
36. 1:21articles of association that gave najib
37. 1:24ultimate power to approve company
38. 1:26matters related to appointments
39. 1:28investments and other matters of
40. 1:30national interest
41. 1:32she pointed out that articles 68 93 and
42. 1:36117 under 1mdb's m and a were never
43. 1:39found in other government-owned
44. 1:41companies