Former CEO of Terengganu Investment Authority Datuk Shahrol Azral Ibrahim Halmi is pictured at the Kuala Lumpur High Court September 24, 2019. — Picture by Hari Anggara
Lead prosecutor Datuk Seri Gopal Sri Ram had asked Shahrol for his response to Najib’s claim: “The accused says that if anything went wrong with 1MDB, it will fall on board of advisers for not advising him properly. Money went missing in 1MDB, it’s all the fault of board of advisers.” The changes to 1MDB’s company constitution were carried out after the federal government took over the Terengganu government’s Terengganu Investment Authority Berhad and renamed it as 1MDB.
“About Datuk Seri Najib’s powers in TIA and 1MDB, as far as my knowledge as CEO and checks with the company secretary, I can say that Datuk Seri Najib as the prime minister is the highest decision-maker or ultimate power in making decisions especially involving big investments, funds and national interest.
Shahrol described the three hats that Najib wore, where as prime minister he would appoint and remove directors and senior management of 1MDB, while he was also the sole shareholder of 1MDB and MOF Inc’s interest in 1MDB as the finance minister, and that he also appoints and chairs the board of advisers.
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