Former 1MDB chief executive officer Datuk Shahrol Azral Ibrahim Halmi, 49, said he signed the document in 2009 despite the different name.Lead counsel Tan Sri Muhammad Shafee Abdullah pointed out that 'PetroSaudi Holdings Cayman' was different from 'PetroSaudi International' where the latter clearly did not mention the word 'Cayman' at all.
"At that time, Casey Tang explained that PetroSaudi Holdings was a wholly owned subsidiary of PetroSaudi International," Shahrol said during cross-examination in the 1MDB trial here on Wednesday . Shafee: I'm relying on you. Forget about Tang. You were the CEO. You take the shot first. How did you explain to the board about this?
Shahrol: The same way I explain to the court now. Tang was in charge in ensuring everything was in order. He indicated that there is nothing wrong with this. The lawyer then questioned Shahrol why he did not seek an opinion from Wong & Partners, the law firm that represented 1MDB in the transaction.You are putting your US$1bil-signature on this agreement. I would be terrified if I was in your position. Didn't you ask for further clarification?
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