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Tuesday, October 8, 2019

NAJIB 1MDB TRIAL - Day 18: Further grilling of Shahrol promises gripping testimony


The criminal trial of former prime minister Najib Abdul Razak involving the alleged abuse of power and money laundering of 1MDB funds enters its 18th day today at the High Court in Kuala Lumpur.
Malaysiakini brings you live reports of the proceedings.

Summary of Najib’s 1MDB ‘donation’ case

Najib is facing 25 charges of receiving RM2.28 billion, which originated from 1MDB through Tanore Finance Corp, a company owned by Eric Tan, a close associate of fugitive businessperson Jho Low.

Today's cross-examination of former 1MDB CEO Shahrol Azral Ibrahim Halmi by Najib Abdul Razak's lead defence counsel Muhammad Shafee Abdullah promises more gripping testimony in the former prime minister's RM2.28 billion 1MDB trial.
As hearing before Kuala Lumpur High Court judge Collin Lawrence Sequerah enters the 18th day this morning, veteran lawyer Shafee is expected to methodically question key witness Shahrol over every part of his testimony which was delivered over the course of six days of examination-in-chief conducted by lead deputy public prosecutor (DPP) Gopal Sri Ram.
Yesterday's grilling of 9th witness Shahrol by Shafee had produced a multitude of oral evidence, such as that Jho Low kept a low profile over his involvement in 1MDB in order to avoid triggering jealousy among Umno members against the controversial businessperson's influence and access to then-premier and party president, Najib.
Shahrol also testified, among others, that the failure of 1MDB's initial public offering in 2015 was caused by negative media attention raised by the then opposition, and that the idea for the Malaysian sovereign wealth fund's predecessor Terengganu Investment Authority (TIA) was first mooted in Abu Dhabi when Low brought then Agong Sultan Mizan Zainal Abidin there to look at the United Arab Emirate's sovereign wealth fund, Mubadala Development Company.   
[More to follow] - Mkini

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