PM's control of 1MDB not unprecedented, says Shafee

KUALA LUMPUR (Oct 17): 1Malaysia Development Bhd's (1MDB) Article 117 in its memorandum and articles of association (M&A), which requires written approval from the prime minister before the fund can decide on a wide range of matters, was not the first provision in a government-linked company to be structured that way, according to lead defence counsel Tan Sri Muhammad Shafee Abdullah.

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Shafee accuses Shahrol of being in cahoots with Jho Low

KUALA LUMPUR (Oct 15): Lead defense counsel Tan Sri Muhammad Shafee Abdullah has alleged former 1Malaysia Development Bhd (1MDB) chief executive officer Datuk Shahrol Azral Ibrahim Halmi had conspired with alleged “puppetmaster” Low Taek Jho to obstruct an audit by the National Audit Department (NAD) into the state-owned fund in 2010.

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