Shahrol, formerly the CEO and director of 1MDB, said he was not privy to the details related to Brazen Sky as it was managed by 1MDB general-counsel Jasmine Loo, CFO Azmi Tahir and deputy CFO Terence Geh, who were all appointed as directors of Brazen Sky.
During the ninth prosecution witness' examination-in-chief today, Shahrol said he had several meetings prior and subsequent to the PAC hearing in 2015.
"This was because all dealings of 1MDB that relate to financial matters would require his approval beforehand, in line with Article 117 of the memorandum and articles of association of 1MDB."
This comprised "RM80,000 plus" in monthly salary amounting to over RM960,000 for the year, an 18-month bonus of more than RM1.44 million, plus an annual allowance of RM179,000 for sitting on the board of directors of the beleaguered state-owned fund.
Somerset KL Metropolis — with design types offering built-up areas of 549 sq ft, 847 sq ft, and 968 sq ft — is part of the MET 1 integrated development in KL Metropolis, which is expected to play an important role as a key area of growth in the business tourism sector.
What's important is for us to focus on how we properly implement the MoA between MIDA and CCCC in the different details that have been spelt out in the agreement," said Ong.
The minister noted that Malaysia is at a comfortable level with its ability to meet the 45% target, and that the emissions target could be raised.
"The financing will be done on a case-by-case basis. We have to see the amount requested in relation to the size of the SME."
The company ended up not developing the international financial district.
On several occasions, approvals for the ventures of the troubled state investment fund were fast tracked, obtaining approvals within a matter of days.
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