News about MD

KUALA LUMPUR (Sept 25): The first chief executive officer of sovereign wealth fund 1Malaysia Development Bhd (1MDB), Datuk Shahrol Azral Ibrahim Halmi, said its board of directors (BOD) should not be blamed for the fund’s loss-making investments.

KUALA LUMPUR (Sept 24): Former Terengganu Investment Authority (TIA) chief executive officer Datuk Shahrol Azral Ibrahim Halmi received RM70,000 from Low Taek Jho to speed up TIA's issuance of RM5 billion bonds in 2009, the High Court was told today.

KUALA LUMPUR (Sept 24): The morning session of Datuk Seri Najib Razak's 1Malaysia Development Bhd (1MDB)-Tanore trial took an interesting turn as Tan Sri Muhammad Shafee Abdullah cited two judgements by Datuk Seri Gopal Sri Ram at the Federal Court and Court of Appeal, during an oral application to dispute former 1MDB chief Datuk Shahrol Azral Ibrahim Halmi's witness statement as hearsay.

KUALA LUMPUR (Sept 24): Former 1Malaysia Development Bhd and Terengganu Investment Authority (TIA) chief executive officer Datuk Shahrol Azral Ibrahim Halmi testified that fugitive businessman Low Taek Jho — touted to be the mastermind of the whole 1MDB fiasco — was indeed close to former prime minister Datuk Seri Najib Abdul Razak, based on his observations of their interactions.

KUALA LUMPUR (Sept 24): The Ministry of Finance (MoF) was said to have been pressured into issuing the government guarantee for the RM5 billion Islamic medium term notes (IMTN), in order to meet a tight one-month deadline set by fugitive businessman Low Taek Jho, according to the testimony by Datuk Shahrol Azral Ibrahim Halmi, the ninth prosecution witness in the 1Malaysia Development Bhd (1MDB)-Tanore trial, at the High Court yesterday.

KUALA LUMPUR (Sept 23): Former Terengganu Investment Authority (TIA) and later its federalised incarnation 1Malaysia Development Bhd (1MDB) chief executive officer (CEO) Datuk Shahrol Azral Ibrahim Halmi described former premier Datuk Seri Najib Razak as being so close with fugitive businessman Low Taek Jho — better known as Jho Low — that he gave the Penang-born financier the mandate to plan and arrange the operations of the two entities.

  KUALA LUMPUR (Sept 23): The trial involving Riza Shahriz Abdul Aziz, the stepson of former Prime Minister Datuk Seri Najib Razak, for five money laundering charges involving US$248.

KUALA LUMPUR (Sept 23): Datuk Seri Najib Razak's former aide Datuk Amhari Efendi Nazaruddin (pictured left) was asked to highlight several passages that implied the bailout of 1Malaysia Development Bhd (1MDB) in a document that was prepared by Low Taek Jho following a meeting with China.

  KUALA LUMPUR (Sept 23): When asked about his cronies in a video posted online on Saturday, the former prime minister Datuk Seri Najib Razak said all of Malaysia were his cronies, and should go to jail with him.

KUALA LUMPUR (September 23): Former Terengganu Investment Authority and 1Malaysia Development Bhd (1MDB) chief executive officer Datuk Shahrol Azral Ibrahim Halmi is expected to take the witness stand at the High Court today in the trial involving accused former prime minister Datuk Seri Najib Razak.