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Wednesday, October 9, 2019

NAJIB 1MDB TRIAL - Day 19: More revelations about Jho Low's activities expected in court



The criminal trial of former prime minister Najib Abdul Razak involving the alleged abuse of power and money laundering of 1MDB funds enters its 19th 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.

Najib Abdul Razak's defence team's cross-examination of former 1MDB CEO Shahrol Azral Ibrahim Halmi enters the third day in the former prime minister's RM2.28 billion 1MDB trial today.
As the 19th day of the trial resumes before Kuala Lumpur High Court judge Collin Lawrence Sequerah this morning, lead defence counsel Muhammad Shafee Abdullah will continue his questioning of ninth witness Shahrol.
Over the past few days, the defence's line of cross-examination of Shahrol has been that wanted businessperson Low Taek Jho or Jho Low acted as the architect of the scandal working behind the scenes, such as in the alleged suspicious diverting of funds from the RM5 billion Islamic Medium Term Notes (IMTN) issuance by 1MDB in 2009.
Yesterday under Shafee's grilling, Shahrol admitted he did not know that Jho Low-linked company Aktis Singapore Private Limited, through AmBank Group, subscribed to the bonds right under the nose of the witness, who was then 1MDB CEO, on May 18, 2009.
The witness testified that it came as a shock to him as he only found out last year through the media and when the police took him in for questioning.
[More to follow] - Mkini

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