Najib's lawyer seeks to blame 1MDB predecessor's ex-CEO for RM5b bond, but prosecution reminds witness testified of Najib's instructions | Malay Mail

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Najib's lawyer seeks to blame 1MDB predecessor's ex-CEO for RM5b bond, but prosecution reminds witness testified of Najib's instructions

KUALA LUMPUR, March 17 — Former prime minister Datuk Seri Najib Razak’s lawyer today tried to suggest that Datuk Shahrol Azral Ibrahim Halmi — the former CEO of 1Malaysia Development Berhad and its predecessor Terengganu Investment Authority had committed wrongdoing in signing documents to enable TIA’s issuance of RM5 billion worth of bonds in May 2009.

While cross-examining Ismee today, Hariharan repeatedly sought to pin wrongdoing on the ninth prosecution witness Shahrol Azral in relation to the issuance of RM5 billion bonds by TIA in May 2009 or which was before TIA became 1MDB. Hariharan then presented several documents which Shahrol had later signed days later to enable the RM5 billion bonds to be issued, including a May 25, 2009 subscription agreement and a May 26, 2009 “akad” agreement that also had AmIslamic bank’s compliance department’s rubberstamp on parts of the agreement.

Hariharan then suggested there could be two possibilities of Shahrol having either allegedly fabricated another resolution that said to go ahead with the RM5 billion bonds issuance or withheld the May 22 resolution that suspended the bonds issuance, but deputy public prosecutor Mohamad Mustaffa P. Kunyalam then stood up to object.

“If that is the case, counsel must be fair in addressing the witness, because Shahrol did say he received instructions from the accused to proceed with the IMTN. That should be put to the witness,” Mustaffa said. Shahrol said he had later informed Low Taek Jho of this and that he had then on the same day went to Najib’s house as Low instructed.

 

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