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KUALA LUMPUR (Aug 28): Former premier Datuk Seri Najib Razak (pictured) played a pivotal role in amending the 1Malaysia Development Bhd (1MDB) articles of association in order to put him in position of control of the company in a bid to enrich himself, said the prosecution in his 1MDB trial.
Former Federal Court judge Datuk Seri Gopal Sri Ram said there are four phases to the transaction that resulted in the massive amount of RM2.28 billion ending up in Najib's AmBank accounts.
Central to the scheme is Penang-born businessman Low Taek Jho or Jho Low, whom Sri Ram described as a "fugitive of justice".
"The prosecution will prove that the accused (Najib) by his words and conduct made it clear to 1MDB’s officers, its board and others that Jho Low was his alter ego.
"In truth, Jho Low was the accused’s mirror image. The prosecution will establish facts which will give rise to an irresistible inference that Jho Low and the accused acted as one at all material times," the former Federal Court judge said in his opening statement to the case.
He further point to the four phases the first occured during the formation of 1MDB's precursor Terengganu Investment Authority (TIA) that occured in 2010.
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