1MDB and IPIC deal a sham, former 1MDB CEO tells court


Kamles Kumar

Shahrol Azral Ibrahim Halmi says he now believes the deal with IPIC was a scheme to embezzle money. – The Malaysian Insight file pic, August 3, 2020.

FORMER 1Malaysia Development Bhd (1MDB) chief executive officer (CEO) Shahrol Azral Ibrahim Halmi told the Kuala Lumpur High Court today that the deal between the state investor and Abu Dhabi’s International Petroleum Investment Co in 2012 was a sham. 

The deal, which involved the purchase of energy assets for 1MDB, was raised today by defence lawyers in Najib Razak’s 1MDB trial involving RM2.3 billion for which he faces four counts of abuse of power to enrich himself and 21 sounds of money-laundering.


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Comments


  • That's it. If you want to steal make sure it's more than a billion. Marches with the silky up-to-date dressing going to court. When in bamboo river there'll be no chance.

    Posted 1 month ago by Zainuddin Yusoff

  • Matches

    Posted 1 month ago by Zainuddin Yusoff

  • I wonder where Jamal yunus is these days

    Posted 1 month ago by Zainuddin Yusoff