Defence, ex-1MDB CEO lock horns over support letter for 1MDB-Aabar BVI bond deal

Malaysia News News

Defence, ex-1MDB CEO lock horns over support letter for 1MDB-Aabar BVI bond deal
Malaysia Latest News,Malaysia Headlines
  • 📰 malaysiakini
  • ⏱ Reading Time:
  • 16 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 10%
  • Publisher: 51%

You cannot be saying (now) that you signed something you did not understand, defence counsel Wan Aizuddin Wan Mohammed tells Shahrol Azral Ibrahim Halmi

1MDB TRIAL | Najib Abdul Razak’s defence team and 1MDB’s former CEO locked horns in court today over whether the latter understood the full implication of signing a Finance Ministry’s letter of support for the issuance of US$3 billion in bonds from a joint venture between the sovereign wealth fund and Aabar Investment PJS Limited .

Counsel Wan Aizuddin Wan Mohammed was grilling the ninth prosecution witness, Shahrol Azral Ibrahim Halmi, over the impact of the latter signing the 2013 letter which purportedly, in effect, acted as a guarantee from the Malaysian government that the bonds’ issuer would repay 100 percent of the principal.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

malaysiakini /  🏆 20. in MY

Malaysia Latest News, Malaysia Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

1MDB trial: Ex-CEO Shahrol admits Najib not briefed on deal with Aabar BVI | Malay Mail1MDB trial: Ex-CEO Shahrol admits Najib not briefed on deal with Aabar BVI | Malay MailKUALA LUMPUR, Aug 4 — Former prime minister Datuk Seri Najib might not have the full picture when he signed a shareholder resolution of a joint venture between 1Malaysia Development Berhad (1MDB) and British Virgin Islands-based Aabar Investments PJS Ltd (Aabar BVI) in 2012, the High Court heard...
Read more »

Najib tak diberi amaran mengenai ‘Aabar palsu’, kata bekas CEO 1MDB | The Malaysian InsightNajib tak diberi amaran mengenai ‘Aabar palsu’, kata bekas CEO 1MDB | The Malaysian InsightBekas perdana menteri itu tidak timbulkan sebarang komen sewaktu tandatangani perjanjian itu.
Read more »

Najib not warned on ‘fake Aabar’, says former 1MDB CEO | The Malaysian InsightNajib not warned on ‘fake Aabar’, says former 1MDB CEO | The Malaysian InsightEx-PM did not raise any complaints before inking TRX deal with shell company, court hears.
Read more »

Tiada semakan sebelum sertai usaha sama IPIC, kata bekas CEO 1MDBTiada semakan sebelum sertai usaha sama IPIC, kata bekas CEO 1MDBShahrol Azral Ibrahim berkata, beliau tidak mengambil tindakan sendiri untuk mengesahkan sama ada Aabar Investment PJS dan Aabar BVI ialah syarikat sama dan hanya menerima kata-kata Jho Low. FMTNews IPIC 1MDB
Read more »

1MDB trial: Ex-CEO agrees Jho Low had penchant for doppelgänger firms | Malay Mail1MDB trial: Ex-CEO agrees Jho Low had penchant for doppelgänger firms | Malay MailKUALA LUMPUR, Aug 5 ― Fugitive businessman Low Taek Jho or Jho Low had a tendency of incorporating shell corporations that mimicked legitimate firms, the High Court heard today. The ninth prosecution witness in Datuk Seri Najib Razak’s main 1MDB corruption trial, Datuk Shahrol Azral Ibrahim...
Read more »

Jho Low nominated my successor, ex-1MDB CEO tells Najib trialJho Low nominated my successor, ex-1MDB CEO tells Najib trialFormer 1MDB CEO Shahrol Azral Ibrahim Halmi told the High Court that Low Taek Jho told him the name of his successor was recommended by Najib Razak's then aide Azlin Alias. FMTNews TRX
Read more »



Render Time: 2025-02-21 11:20:42