Wednesday, 05 Aug 2020 03:28 PM MYTFormer 1MDB CEO Datuk Shahrol Azral Ibrahim Halmi is pictured at the Kuala Lumpur Court Complex August 5, 2020. — Picture by Ahmad Zamzahuri
The former 1MDB chief executive was answering to Najib’s lawyer, Wan Aizuddin Wan Mohammed, about the abortive US$6 billion joint venture between Abu Dhabi’s Aabar Investments PJS and 1MDB in 2013. Shahrol said Low had impressed upon him that officials in Abu Dhabi were not satisfied that Malaysia came first in the name of the company and eventually agreed to change it.
However, Wan Aizuddin then pointed out that the joint venture company’s initials, ADMIC, were similar to another Abu Dhabi investment entity called the Abu Dhabi Media Investment Corp , a private company equally owned by Sheikh Mansour Zayed Al Nahyan and British Sky Broadcasting. When pressed to say whether Low executed the name change as means to defraud 1MDB, Shahrol said he could not comment as he did not know Low’s intention at the time.
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