Ex-1MDB CEO says Jho Low’s name kept under wraps to protect Najib, denies plot for kickbacks from Goldman SachsDatuk Seri Najib Razak is pictured at the Kuala Lumpur High Court July 15, 2020. — Picture by Ahmad Zamzahuri
While confirming that Low was the one who had proposed investment bank Goldman Sachs to act as the financial adviser for 1MDB’s RM10.6 billion bid, Shahrol denied omitting Low’s name in 1MDB board minutes as a means to receive kickbacks from Goldman Sachs if the deal went through. Today, Najib’s defence lawyer Wan Aizuddin Wan Mohammed quizzed Shahrol regarding Low’s role in having Goldman Sachs appointed in February 2012 as the financial adviser for the acquisition bid.
Asked if Low had behaved like a broker for Goldman Sachs by proposing it to be 1MDB’s financial adviser, Shahrol said he did not hold this view then. When asked why there was such a convention and why he had followed it, Shahrol said: “Because since the very beginning, Jho has informed me his involvement must be kept off the radar in order to protect Datuk Seri Najib.”
Shahrol explained that he had told the 1MDB board that he had signed on 1MDB’s appointment letter of Goldman Sachs before the February 8, 2012 1MDB board meeting, in order for Goldman Sachs to attend the meeting and make presentations in the capacity as financial adviser.
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