KUALA LUMPUR, Sept 25 — Datuk Seri Najib Razak had personally approved the total of RM216,000 that he would receive each year as the chairman and member of 1Malaysia Development Berhad’s (1MDB) board of advisers, the company’s former CEO said today.

Datuk Shahrol Azral Ibrahim Halmi, 1MDB’s former CEO, said that the company’s directors had on June 6, 2010 signed on a directors circular resolutions to adopt the amount approved by Najib.

Shahrol said 1MDB directors had signed to “confirm and approve the payment of remuneration” to Najib in the form of RM120,000 yearly as chairman of the board of advisers and a separate sum of RM96,000 yearly as member of the board of advisers.

“The remuneration amount was fixed by Datuk Seri Najib himself in his capacity as chairman of the board of advisers. After this amount was approved by Datuk Seri Najib, then only we will bring this into the board of directors’ meeting to have its approval finalised,” he told the High Court today.

At that time, Najib wore multiple hats, including as the prime minister whose prior written approval was required for the appointment and removal of directors and senior management of 1MDB and for major financial decisions, and as the sole shareholder of 1MDB through the Minister of Finance Incorporated in his role as Finance Minister, and as chairman of the board of advisers.

Shahrol had previously said 1MDB started life as a RM2 company in February 2009 that was previously known as Terengganu Investment Authority Berhad (TIA), confirming today that 1MDB had no other funds in its early stages other than a RM5 billion debt it had taken on in May 2009 with the federal government’s guarantee.

Najib’s ongoing 1MDB trial involves 25 criminal charges — four counts of abusing his position for his own financial benefit totalling almost RM2.3 billion allegedly originating from 1MDB and the resulting 21 counts of money-laundering.

https://www.malaymail.com/news/malaysia/201...obox=1569392026

where do u find a job where u can set your own high salary

That is pocket change for him

RM18k a month.

Lower than /k standard.

be like him , be PM

Insert mat sabu.

when you own it.

boss can suka hati set whatever salary he pays himself.

Lower than /k standard. Aiyo

Can’t even join /k lol

I really wanna see how Jibby macai spin this as being "normal" or acceptable when its pretty damn clear abuse of power has happened.

But of course, those macais too cowardly to even enter these threads.

Yearly la bodo. Chairman 18k per month is damn cheap. Should be at least 50k.

18k only, not even k standard

18k monthly
with unlimited songlap opportunity
bukan beshe beshee

Its not the salary. Its appointing himself to such a position in the first place that's an abuse of power.

not even enough to maintain bik mama's hair expenses

i mean as an employee, he is still an employee of the govt
where can we find a job where one can set their own salary with side perks like unlimited use of it's platinum credit card

Finance Minister (najib) in his capacity as the highest Financial authority in Malaysia, PROPOSED the Pekan MP (najib) as head of the Advisory Board of the 1MDB, to the then PM (najib) acting on his capacity as the highest Executive authority, approved the appointment.
Once appointed, the FM once again, acting on his capacity, proposed the perks for the position and as history has it, the PM approved, again under his authority as the Chief Executive of Malaysia.

Such finesse, such authority....

This post has been edited by accitzone: Sep 25 2019, 08:11 PM

same like how 1mdb debt/loan approved.

Insert matsabu meme

hahahaha.... ya la... wash hand la.... all blame jibby.... ex-ceo no wrong

"I not stupid, you are stupid !", words that propelled him to intergalactic stardom.