Shahrol: Najib never explained why he didn't sign agreement for 1MDB-PSI JV with Saudi Arabia's King Abdullah

KUALA LUMPUR (Sept 25): Former prime minister Datuk Seri Najib Abdul Razak did not explain why the joint venture (JV) agreement between 1Malaysia Development Bhd (1MDB) and PetroSaudi International (PSI), which was to be signed by himself and King Abdullah of Saudi Arabia, did not materialise, according to former 1MDB chief executive officer Datuk Shahrol Azral Ibrahim Halmi.

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1MDB-Tanore trial: Shafee cites Sri Ram's judgements in hearsay application against ex-1MDB CEO's witness statement

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.

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Jho Low was very close to Najib, had direct access to then-PM: Witness

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.

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Shahrol: MoF pressured into giving TIA govt guarantee to meet Jho Low's 'aggressive' deadline

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.

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