Former 1MDB CEO denies he foolishly believes Jho Low

KUALA LUMPUR (Bernama) – Former 1Malaysia Development Berhad (1MBD) chief executive officer (CEO) Datuk Shahrol Azral Ibrahim Halmi yesterday denied that he foolishly believed fugitive businessman Low Taek Jho or Jho Low.

Shahrol Azral, 49, said at that time he had no reason to disbelieve Jho Low and that was why he did not double check with Datuk Seri Najib Tun Razak on certain instructions conveyed by Jho Low.

The ninth prosecution witness said this during cross-examination by Najib’s lead counsel Tan Sri Muhammad Shafee Abdullah on the 21st day of Najib’s trial involving 1MDB funds.

Earlier, Muhammad Shafee had questioned the witness that with his paygrade, he should have done more to double check with Najib on matters instead of taking instructions from Jho Low.

Shahrol Azral explained that Article 117 of 1MDB’s Memorandum and Articles of Association stated that decisions on matters involving national finance, security and policy would be up to the prime minister.

Najib, 66, faces four charges of using his position to obtain bribes totalling RM2.3 billion from 1MDB funds and 21 charges of money laundering involving the same amount.

The trial before High Court Judge Collin Lawrence Sequerah continues today.