Did Najib know about 1MDB problems when its chairman resigned?

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Najib Denies Knowledge of 1MDB Issues at Chairman's Resignation

Datuk Seri Najib Razak asserted that he was unaware of any problems at 1Malaysia Development Berhad (1MDB) when its chairman, Tan Sri Mohd Bakke Salleh, resigned in October 2009. Najib characterized Bakke's departure as an act of "running away from the problem," stating that Bakke did not communicate any concerns to him.
Bakke's Resignation and Lack of Communication

Najib testified that Tan Sri Mohd Bakke Salleh did not provide reasons for his resignation on October 19, 2009. Furthermore, Najib claimed that despite regular meetings with Bakke, the former chairman never personally disclosed the reasons for his departure later on. Najib also pointed out that Bakke had previously resigned from the Terengganu Investment Authority (TIA) and was the sole board member to resign from 1MDB.
Expected Actions for a Board Chairman

When questioned about Bakke's obligations if he were aware of issues within 1MDB, Najib outlined several potential courses of action. He suggested that Bakke could have raised the problems with the 1MDB board, reported them to the Finance Ministry (MOF), confronted the management, or insisted on an investigation. Najib described resignation as "running away from the problem" and emphasized that proactive measures should have been taken.
Najib's Stance on SMS Communication

Najib stated that he was not aware if Bakke had lodged any official report regarding 1MDB. He also commented that Bakke should not have used an SMS to communicate such a serious matter concerning alleged wrongdoings. While Bakke had previously testified to alerting Najib via SMS about mismanagement and financial misconduct, Najib maintained that he never received such a message. Najib added that if Bakke's resignation letter had detailed specific problems, he would have ensured action was taken and referred the matter to the board for a meeting.

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Did Najib know about 1MDB problems when its chairman resigned?

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