1MDB trial: Former CEO denies proposing US$6b deal with Abu Dhabi’s Aabar Investments | Malay Mail

Monday, 17 Aug 2020 02:58 PM MYTFormer 1MDB CEO Datuk Shahrol Azral Ibrahim Halmi is pictured at the Kuala Lumpur High Court August 17, 2020. — Picture by Yusof Mat Isa

“I just want to clarify that there was an indication that it was my idea to propose for the timeline. That’s not true. The timeline, the contents, the details of all this agreement came via emails all from the Prime Minister’s Office,’’ he told the High Court. During cross-examination, Datuk Seri Najib Razak’s lawyer Wan Aizuddin Wan Mohammed had framed that it was Shahrol who “drew first blood” by proposing the deal to Najib via a letter that he had signed.

In March 2013, 1MDB entered into a 50/50 joint venture with Aabar Investment and both agreed to pump US$3 billion each into an SPV, called the Abu Dhabi Malaysian Investment Company Limited for investment purposes.

Law Law Latest News, Law Law Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Najib’s 1MDB trial ends early for Parliament vote | The Malaysian InsightEx-PM on trial for abuse of power, money-laundering.
Source: msianinsight - 🏆 8. / 63 Read more »

RM2.28b 1MDB graft trial ends early, Najib needs to attend ParliamentJudge also allowed Shafee’s application for the trial previously scheduled for tomorrow and Wednesday to be vacated.
Source: malaysiakini - 🏆 20. / 51 Read more »