1MDB’s board of advisers by no means met, Irwan tells courtroom

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Ex-Treasury secretary-general Irwan Siregar Abdullah obtained a month-to-month allowance of RM25,000 over two years as an adviser with 1MDB. (Bernama pic)

KUALA LUMPUR: Former Treasury secretary-general Irwan Serigar Abdullah informed the Excessive Court docket listening to Najib Razak’s 1MDB trial that its board of advisers by no means met to focus on something in relation to the sovereign wealth fund throughout his time period in workplace.

Irwan mentioned the board of advisers was solely required to convene a gathering if requested to achieve this by the board of administrators.

“If (the board of administrators) want recommendation, they will refer (to the board of advisers),” mentioned Irwan.

Agreeing that underneath Article 93(1) of 1MDB’s memorandum and articles of affiliation, the board of advisers may solely convene a gathering if requested to achieve this by the board of administrators, Irwan added, “They by no means sought any recommendation.”

Cross-examined by Najib’s lead counsel Shafee Abdullah, Irwan informed the courtroom that though no conferences have been held, he would generally meet Najib at his home or workplace “to render recommendation over 1MDB issues”.

“(It) may be unofficial. I assumed giving recommendation unofficially was additionally (a part of my operate),” he mentioned.

Irwan denied that as Treasury secretary-general it was fallacious of him to additionally sit on 1MDB’s board of advisers. Nonetheless, his twin position did put him in a “delicate place,” he mentioned.

Shafee: Had been you shocked that with all the issues (in 1MDB), the board of administrators by no means requested to your recommendation?

Irwan: Sure, I used to be shocked.

Cross-examined additional by co-counsel Wan Aizuddin Wan Mohamed, Irwan maintained that there was nothing fallacious with him receiving remuneration and allowances as a member of 1MDB’s board of advisers regardless of his place as Treasury sec-gen.

Final week, Irwan testified that he was paid a month-to-month allowance of RM25,000 over a interval of two years (2013 to 2015) for sitting on 1MDB’s board of advisers.

Najib is standing trial on 25 counts of cash laundering and abuse of energy over the alleged misuse of 1MDB funds amounting to RM2.28 billion deposited into his AmBank accounts between February 2011 and December 2014.

The listening to continues earlier than Justice Collin Lawrence Sequerah on Dec 5.

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