The joint-venture project between 1Malaysia Development Berhad and PetroSaudi International Ltd was created by the personal relationship between Datuk Seri Najib Abdul RazakThe former chief executive officer of 1MDB, Datuk Shahrol Azral Ibrahim Halmi, 49, said he only came to know the matter through fugitive businessman Low Taek Jho, better known as Jho Low.
Muhammad Shafee: What do you mean by personal? Do you mean that Najib’s personal relationship with the head of Saudi Arabia would assist with the venture between 1MDB and PSI? To another question, the witness agreed that as the CEO of 1MDB that time, he was supposed to ensure the execution of the JV and to work out the details of the collaboration.
When queried whether he assumed there would be no undercutting, misrepresentation, no cheating because it was a G2G, the witness replied: “Yes ... This was represented to me as something that was personal between Najib and the King Abdullah.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Malaysia Latest News, Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Forced to defer Najib’s 1MDB trial for Parliament, judge says this is ‘last time’ | Malay MailKUALA LUMPUR, Oct 15 — The hearing for Datuk Seri Najib Razak’s 1Malaysia Development Berhad (1MDB) corruption trial scheduled for this afternoon had to be postponed to allow him to deliver a speech in Parliament. High Court judge Collin Lawrence Sequerah pointed out that he agreed yesterday to...
Source: malaymail - 🏆 1. / 86 Read more »
Judge reprimands Najib for skipping his 1MDB trialThe judge also tells the ex-prime minister's lawyer, Muhammad Shafee Abdullah, to ensure such an incident is not repeated. NajibRazak NajibRazak Stupid trial NajibRazak Tade disiplinkaa
Source: fmtoday - 🏆 5. / 72 Read more »
1MDB trial: Judge warns Najib to not repeat postponement of trialKUALA LUMPUR (Bernama): Former prime minister Datuk Seri Najib Razak has been reprimanded by High Court Judge Collin Lawrence Sequerah on Tuesday (Oct 15) following his absence from attending the afternoon 1Malaysia Development Berhad (1MDB) trial proceedings, resulting in the judge saying 'it will be the last time for this situation'. Saya Jibby saya boleh postpone suka hati sayalahh. Saiaaa Bosskurrr Why not? He can stay out of jail as long as possible! NajibRazak takut masuk penjara. Kalau asyik postpone smpai next election, mana tau, kalau Umno' menang untunglaa dia...buang kes.
Source: staronline - 🏆 4. / 75 Read more »
Najib flip-flopped over due diligence on 1MDB, says ex-CEOShahrol Azral Ibrahim Halmi says the former prime minister changed his mind several times on conducting an audit on the state investment fund. Najib is well known as a 'flip flop' ex PM. This revelation by Shahrol won't be TERKEJUT. Najib was indecisive whether Auditor-General should conduct audit & due diligence on 1MDB
Source: fmtoday - 🏆 5. / 72 Read more »
Umno leaders vow to fight MACC’s compound notices for ‘1MDB funds’Up to 42 MACC compound notice recipients are to lodge police reports against MACC. Good luck.
Source: malaysiakini - 🏆 20. / 51 Read more »
Dakwaan PAS terima dana 1MDB masih diteliti, kata SPRM | The Malaysian InsightIa antara kes berkepentingan awam dan melibatkan orang kenamaan yang diteliti semula, kata Latheefa Koya.
Source: msianinsight - 🏆 8. / 63 Read more »