Latest news with #MohdIrwan
The Star
06-05-2025
- Business
- The Star
1MDB's lawsuit against me is malicious, former chairman tells court
KUALA LUMPUR: Former 1Malaysia Development Berhad (1MDB) chairman Tan Sri Mohd Irwan Serigar Abdullah has told the High Court here that the sovereign wealth fund had bad intentions when it filed the lawsuit against him in May 2021. Mohd Irwan said this was because he was a senior and high-ranking civil servant, holding the post of Finance Ministry secretary-general when Datuk Seri Najib Razak was prime minister and also finance minister. "1MDB's main target was Najib. However, they wanted to blame someone other than him and I was an easy target because of my position as the ministry secretary-general. "1MDB also wanted to sensationalise their case by falsely alleging that I was aligned to Najib and his alleged wrongdoings and that I, somehow, conspired or colluded with Najib in failing in my duties and responsibility to take the relevant steps to investigate the wrongdoers," he said. Mohd Irwan said this in his witness statement when testifying as the second defendant during the hearing of the US$6.59bil lawsuit filed by 1MDB, as plaintiff, against him and former 1MDB chief executive officer Arul Kanda Kandasamy for breach of trust and conspiracy. Mohd Irwan, who was former Treasury secretary-general, said the suit was clearly selective prosecution and done only to bring disrepute against him. He said this was clear as he had resigned in 2018 and it was only three years later in 2021 when the government changed hands after the 14th General Election, was the action filed against him. He said that at no point in time from May 2018 till May 2021 was a demand issued against him or was he asked to answer any allegations or given a chance to explain matters belatedly raised against him. "Their conduct of bad faith is further shown when they filed this claim for alleged breach of duties as member of the board but yet, chose not to include the remaining members of the board at that material time, namely Datuk Kamal Mohd Ali and Datuk Seri Norazman Ayob, despite being aware that all decisions were collective decisions and none of the allegations made was a decision that I made on my own accord or attempted to push through without the consensus and approval of the entire board," he said. Mohd Irwan said as a result of the lawsuit, he lost his reputation and his credibility had been tarnished. "I am subject to ridicule and having to defend myself constantly. As a result, it is very difficult for me to continue to hold certain directorships as people are sceptical and weary of the allegations that have been made against me. Apart from that, I had to incur legal expenses in appointing solicitors to defend me," he said. The hearing before Judge Datuk Raja Ahmad Mohzanuddin Shah Raja Mohzan continues on May 19. In May 2021, 1MDB filed a lawsuit against Mohd Irwan and Arulkanda, accusing them of breach of trust and conspiracy, which led to losses of US$1.83bil, linked to the company's investment in 1MDB-Petrosaudi Ltd, which was subsequently converted into the Brazen Sky Limited investment, purportedly recoverable from the Bridge Global Fund. 1MDB also alleged that both defendants committed breach of trust and conspiracy by misappropriating US$3.5bil in company funds paid to Aabar Investments and US$1.265bil paid to International Petroleum Investment Company on May 9, 2017. 1MDB further alleged that Mohd Irwan conspired with Arul Kanda to extend his employment agreement, resulting in a payment of RM2,905,200 to Arul Kanda, all while disregarding the company's interests, which ultimately led to financial losses and damages. Consequently, 1MDB is seeking US$6.59bil in damages from both defendants and an additional RM2.9mil from Mohd Irwan related to the extension of the employment agreement. – Bernama
New Straits Times
06-05-2025
- Business
- New Straits Times
1MDB maliciously filed lawsuit against me
KUALA LUMPUR: Former 1Malaysia Development Bhd (1MDB) chairman Tan Sri Mohd Irwan Serigar Abdullah told the High Court here today that the sovereign wealth fund had bad intentions when it filed the lawsuit against him in May 2021. Mohd Irwan said this was because he was a senior and high-ranking civil servant, holding the post of secretary general in the Finance Ministry, while at that time Datuk Seri Najib Tun Razak was the prime minister and also the Minister of Finance. "1MDB's main target was Datuk Seri Najib. "However, they wanted to blame someone other than Datuk Seri Najib, and I was an easy target because of my position as the secretary-general of the Finance Ministry. "1MDB also wanted to sensationalise their case by falsely alleging that I was aligned to Datuk Seri Najib and his alleged wrongdoings and that I, somehow, conspired or colluded with Datuk Seri Najib in failing in my duties and responsibility to take the relevant steps to investigate the wrongdoers," he said. Mohd Irwan said this in his witness statement when testifying as the second defendant during the hearing of the USD6.59 billion lawsuit filed by 1MDB, as plaintiff, against him and former 1MDB chief executive officer Arul Kanda Kandasamy for breach of trust and conspiracy. Mohd Irwan, who was former Treasury secretary-general said the filing of the suit was also clearly selective prosecution and done only to bring disrepute against him. He said this was clear as he had resigned in 2018 and it was only three years later in 2021 when the then government had changed hands after the 14th General Election, was this action filed against him. He said that at no point in time from May 2018 till May 2021 was a demand issued against him or was he asked to answer any allegations or given a chance to explain matters belatedly raised against him. "Their conduct of bad faith is further shown when they filed this claim for alleged breach of duties as member of the board but yet, chose not to include the remaining members of the board at that material time namely Datuk Kamal Mohd Ali and Datuk Seri Norazman Ayob despite being aware that all decisions were collective decisions and none of the allegations made was a decision that I made on my own accord or attempted to push through without the consensus and approval of the entire board," he said. Mohd Irwan said as a result of the lawsuit, he lost his reputation and his credibility had been tarnished. "I am subject to ridicule and having to defend myself constantly. As a result, it is very difficult for me to continue to hold certain directorships as people are sceptical and weary of the allegations that have been made against me. "Apart from that, I had to incur legal expenses in appointing solicitors to defend me," he said. The hearing before Judge Datuk Raja Ahmad Mohzanuddin Shah Raja Mohzan continues on May 19. In May 2021, 1MDB filed a lawsuit against Mohd Irwan and Arulkanda, accusing them of breach of trust and conspiracy, which led to losses of USD1.83 billion, linked to the company's investment in 1MDB-Petrosaudi Ltd, which was subsequently converted into the Brazen Sky Limited investment, purportedly recoverable from the Bridge Global Fund. 1MDB also alleged that both defendants committed breach of trust and conspiracy by misappropriating USD3.5 billion in company funds paid to Aabar Investments and USD1.265 billion paid to International Petroleum Investment Company on May 9, 2017. 1MDB further alleged that Mohd Irwan conspired with Arul Kanda to extend his employment agreement, resulting in a payment of RM2,905,200 to Arul Kanda, all while disregarding the company's interests, which ultimately led to financial losses and damages. Consequently, 1MDB is seeking USD6.59 billion in damages from both defendants and an additional RM2.9 million from Mohd Irwan related to the extension of the employment agreement.
The Sun
06-05-2025
- Business
- The Sun
1MDB maliciously filed lawsuit against me
KUALA LUMPUR: Former 1Malaysia Development Berhad (1MDB) chairman Tan Sri Mohd Irwan Serigar Abdullah told the High Court here today that the sovereign wealth fund had bad intentions when it filed the lawsuit against him in May 2021. Mohd Irwan said this was because he was a senior and high-ranking civil servant, holding the post of secretary general in the Ministry of Finance, while at that time Datuk Seri Najib Tun Razak was the Prime Minister and also the Minister of Finance. '1MDB's main target was Datuk Seri Najib. However, they wanted to blame someone other than Datuk Seri Najib, and I was an easy target because of my position as the secretary-general of the Ministry of Finance. '1MDB also wanted to sensationalise their case by falsely alleging that I was aligned to Datuk Seri Najib and his alleged wrongdoings and that I, somehow, conspired or colluded with Datuk Seri Najib in failing in my duties and responsibility to take the relevant steps to investigate the wrongdoers,' he said. Mohd Irwan said this in his witness statement when testifying as the second defendant during the hearing of the USD6.59 billion lawsuit filed by 1MDB, as plaintiff, against him and former 1MDB chief executive officer Arul Kanda Kandasamy for breach of trust and conspiracy. Mohd Irwan, who was former Treasury secretary-general said the filing of the suit was also clearly selective prosecution and done only to bring disrepute against him. He said this was clear as he had resigned in 2018 and it was only three years later in 2021 when the then government had changed hands after the 14th General Election, was this action filed against him. He said that at no point in time from May 2018 till May 2021 was a demand issued against him or was he asked to answer any allegations or given a chance to explain matters belatedly raised against him. 'Their conduct of bad faith is further shown when they filed this claim for alleged breach of duties as member of the board but yet, chose not to include the remaining members of the board at that material time namely Datuk Kamal Mohd Ali and Datuk Seri Norazman Ayob despite being aware that all decisions were collective decisions and none of the allegations made was a decision that I made on my own accord or attempted to push through without the consensus and approval of the entire board,' he said. Mohd Irwan said as a result of the lawsuit, he lost his reputation and his credibility had been tarnished. 'I am subject to ridicule and having to defend myself constantly. As a result, it is very difficult for me to continue to hold certain directorships as people are sceptical and weary of the allegations that have been made against me. Apart from that, I had to incur legal expenses in appointing solicitors to defend me,' he said. The hearing before Judge Datuk Raja Ahmad Mohzanuddin Shah Raja Mohzan continues on May 19. In May 2021, 1MDB filed a lawsuit against Mohd Irwan and Arulkanda, accusing them of breach of trust and conspiracy, which led to losses of USD1.83 billion, linked to the company's investment in 1MDB-Petrosaudi Ltd, which was subsequently converted into the Brazen Sky Limited investment, purportedly recoverable from the Bridge Global Fund. 1MDB also alleged that both defendants committed breach of trust and conspiracy by misappropriating USD3.5 billion in company funds paid to Aabar Investments and USD1.265 billion paid to International Petroleum Investment Company on May 9, 2017. 1MDB further alleged that Mohd Irwan conspired with Arul Kanda to extend his employment agreement, resulting in a payment of RM2,905,200 to Arul Kanda, all while disregarding the company's interests, which ultimately led to financial losses and damages. Consequently, 1MDB is seeking USD6.59 billion in damages from both defendants and an additional RM2.9 million from Mohd Irwan related to the extension of the employment agreement.
Borneo Post
30-04-2025
- Borneo Post
Seven charged over fake QR Pay receipts used in Padawan supermarket fraud
Mohd Irwan says the suspects, aged between 19 and 29, were arrested on April 15 and 17 by the district's Commercial Crime Investigation Division. Bernama file photo KUCHING (April 30): Seven individuals, including two women, were charged in the Magistrate's Court here today in connection with a fraud case involving the use of fake QR Pay Code payment receipts at supermarkets in the Padawan district. Padawan District police chief Supt Mohd Irwan Hafiz Md Radzi said the suspects, aged between 19 and 29, were arrested on April 15 and 17 by the district's Commercial Crime Investigation Division. 'The suspects had committed the offences at four supermarkets around the Padawan district,' he said in a statement. Four investigation papers have been opened, and the cases are being investigated under Section 420 of the Penal Code for cheating, which carries a jail sentence of between one and 10 years, whipping, and a fine upon conviction, Mohd Irwan added. He also advised the public, particularly business owners, to remain vigilant when handling QR Pay transactions and to verify payments before allowing customers to leave the premises. charged fake fraud padawan police QR Pay
Borneo Post
26-04-2025
- Borneo Post
Six nabbed, gun seized after fatal Jln Stephen Yong shooting
Supt Mohd Irwan in a statement says that the suspects, aged between 26 and 45, were arrested at various locations between 4pm and 5.30pm today. – AFP stock photo KUCHING (April 26): Police have arrested six suspects in connection with the fatal shooting of a man along Jalan Stephen Yong, just hours after the case was reported earlier today. Padawan District Police Chief Supt Mohd Irwan Hafiz Md Radzi said in a statement that the suspects, aged between 26 and 45, were arrested at various locations between 4pm and 5.30pm. A car and a pistol with 10 bullets were also seized. 'Initial investigations found that this group was involved in the shooting incident, and the motive is still under investigation. 'The case was successfully resolved in less than 12 hours, and all suspects will be remanded to facilitate investigation,' said Mohd Irwan. The case unfolded early this morning when two men arrived at the Batu Kawa police station around 5.30am, reporting that their friend had been shot while driving. Police later found the 34-year-old local man dead with a gunshot wound to the head. The case is being investigated under Section 302 of the Penal Code for murder. arrest jalan stephen yong Kuching police shooting suspects
