Former 1MDB chief executive officer, Datuk Shahrol Azral Ibrahim Halmi said the special meeting of the 1MDB board of directors , chaired by Mohd Bakke on Sept 26,2009, was held to decide whether to proceed with the joint venture between the two companies.
"At the very beginning of the meeting, Bakke received a phone call, after Jho Low dialled a number and passed the phone to him."I don't remember the exact words he said when he came back, but essentially, he informed that he had spoken to Datuk Seri Najib, and he informed him that it was a G2G initiative and could not be delayed or rather, 'disegerakan' , ” he said.
Pressed by Shafee, Shahrol explained that 1MDB proceeded with the 1MDB-PSI JV without confirming the shareholding ratio between the two companies. Shahrol said the board proceeded on the basis that this was a friendly party that had been endorsed by Najib.
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