KUALA LUMPUR, Jan 26 — Low Taek Jho — the now fugitive Malaysian businessman — planned yacht holidays abroad for Datuk Seri Najib Razak’s family in Europe as far back as the late 2000s, an investigating officer from the Malaysian Anti-Corruption Commission (MACC) said in the former prime minister’s 1MDB trial today.
Senior Superintendent Nur Aida Arifin was listing the outcome of her investigations in the High Court here.
Among other things, the 49th prosecution witness said Najib had not taken action to lodge reports to seek investigation by Malaysian authorities after 1MDB’s funds were funnelled out, and that no action had been taken on individuals such as Low despite the money being diverted out of the company.
1MDB is owned by the Finance Ministry via the Minister of Finance (Incorporated).
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In her testimony today, Nur Aida said she found out during investigations that “Jho Low also participated in several holidays with Datuk Seri Najib’s family”.
She said this included a holiday on the RM Elegance yacht in the southern France waters in 2009, where Low also arranged a meeting with two individuals named “Prince Turki” and Tarek Obaid during this vacation.
Witness Malaysian Anti-Corruption Commission (MACC) Investigating Officer Nur Aida Arifin is pictured at the Kuala Lumpur Court Complex, in Kuala Lumpur January 8, 2024. — Picture by Firdaus Latif
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Nur Aida said Low also handled Najib’s family’s vacation on the Golden Odyssey yacht in the waters of Greece and Italy in 2010, and that Low and Eric Tan Kim Loong (now known to be Low’s associate) handled another vacation on the Topaz yacht in the southern France waters in 2013 which was also attended by United Arab Emirates’ crown prince Sheikh Mansour and Mohamed Badawy Al-Husseiny.
Based on her investigations, Nur Aida said Najib in his three roles then as prime minister, finance minister and 1MDB’s board of advisers’ chairman has “accountability” among all his actions, and noted that Low was not appointed to any positions in both the Malaysian government and 1MDB but had planned an active role in arranging 1MDB’s operations.
According to Nur Aida, former finance minister II Datuk Seri Ahmad Husni Mohamad Hanadzlah — who was also responsible for MOF Inc-owned companies — said Najib had ordered him to “not be involved and interfere in any of 1MDB’s dealings and investment decisions”.
Nur Aida said her investigations showed that no immediate action was taken to rectify the situation despite no profits being obtained by both 1MDB and Malaysia.
“1MDB funds have been diverted since 2009, but no legal action was taken on Jho Low or any parties. No complaints at all were made by Datuk Seri Najib or 1MDB management to any authorities namely MACC and the police to investigate this abuse,” she said during the 1MDB trial.
“Datuk Seri Najib never ordered any member of 1MDB’s management to distance themselves from Jho Low,” she said.
“Datuk Seri Najib’s and Jho Low’s relationship was not just on official matters regarding 1MDB only,” she said, before stating her investigation findings of Low’s involvement in arranging for Najib’s family’s vacations on the yachts.
