Tuesday, October 29, 2019

NAJIB 1MDB TRIAL - Day 26: Defence to probe ex-1MDB CEO over whistleblower Justo



The criminal trial of former prime minister Najib Abdul Razak involving the alleged abuse of power and money laundering of 1MDB funds enters its 26th 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.

The defence team is expected to cross-examine former 1MDB CEO Shahrol Azral Ibrahim Halmi over the role of former PetroSaudi International (PSI) executive Xavier Justo in Najib Abdul Razak's RM2.28 billion 1MDB case.
Last week, the former prime minister's lead defence counsel Muhammad Shafee Abdullah informed the Kuala Lumpur High Court about his intent to question the ninth prosecution witness about Swiss-born whistleblower Justo.
Justo played a major role in exposing the convoluted 1MDB financial scandal, which at one point led to his 18-month imprisonment in Thailand.
As the 26th day of trial resumes before judge Collin Lawrence Sequerah around 9.30am this morning, the accused's defence team is also expected to question Shahrol over correspondence between 1MDB, PSI and Germany-based investment bank, Deutsche Bank.
The US Department of Justice is investigating Deutsche Bank over its dealings with 1MDB.
[More to follow] - Mkini

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