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1MDB: Shafee denies Najib 'monster who led 1MDB board to slaughterhouse'

1MDB TRIAL | Najib Abdul Razak’s lead defence counsel Muhammad Shafee Abdullah denied key prosecution witness Jasmine Loo's characterisation of the former prime minister as a “monster” who led the fund’s board of directors like “lambs” to a slaughterhouse.

However, former 1MDB general-counsel Loo reiterated that she was merely reiterating that the Malaysian sovereign wealth fund’s board was influenced by Article 117 of its Memorandum and Articles of Association (M&A) to defer to Najib as both prime minister and shareholder, courtesy of the Minister of Finance Incorporated (MOF Inc).

MOF Inc was fully owned by 1MDB when Najib was finance minister and chairperson of the fund’s board of advisers...

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