Day 17: Ex-1MDB CEO denies beneficial ownership in shell companies

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LIVE | 1MBDTrial 3.10pm - Ex-CEO - Opposition parties derailed 1MDB's IPO plans Follow our live reports at

, Ahmad Akram Gharib, Mohammad Mustaffa P Kunyalam, Deepa Nair Thevaharan, Nadia Mohd Izhar, Najwa Bistamam, Haznida Harris Lee, and Tan Song Yan.

"So it would be quite something and we wouldn't have this cash flow issues. Bandar Malaysia would have proceeded, TRX would have been on time, all these were supposed to happen in 2017," Shahrol says. He is answering a question from lead defence counsel Muhammad Shafee Abdullah during cross-examination.

I trusted Najib and his team that this was a political attack against him and I trusted that what I did as CEO was in accordance to Najib's wishes for the good of the country.You believed this aspect, what you just said that you trusted Najib which implies what was done in 1MDB was right?I can't blame Najib for being conned by Jho Low - ex-1MDB CEOShahrol Azral Ibrahim Halmi concedes that he cannot blame Najib Abdul Razak for the former 1MDB CEO being conned by Jho Low.

The witness testifies this when lead defence counsel Muhammad Shafee Abdullah asks him to confirm if Tuanku MizanCan you confirm from your observation, that the Yang di-Pertuan Agong , the Sultan of Terengganu, was very impressed with Jho Low?It was a very short observation of the interactions between Jho and the Agong, which was then only about a couple of times in the, I can see at least they were familiar and he had the approval of the Yang di-Pertuan Agong at that time.

Shafee is referring to the time when international banking firm Goldman Sachs was emerging as a potential consultant for the setting up of TIA.

 

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