Ex-1MDB CEO agrees 1MDB's energy assets acquisition deal a sham

KUALA LUMPUR (Aug 3): Former 1Malaysia Development Bhd (1MDB) chief executive officer Datuk Shahrol Azral Ibrahim Halmi agreed today that the troubled fund's acquisition of an independent power producer (IPP) was a sham deal to deceive the board of directors that benefitted international investment bank Goldman Sachs, fugitive financier Low Taek Jho, and other co-conspirators.

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