KUALA LUMPUR — June 30, 2020: Former IMDB chief executive Datuk Shahrol Azral Ibrahim Halmi Shahrol today described at length on the role played by fugitive businessman Low Taek Jho alias Jho Low at the sovereign fund while being able to shield much of the goings-on from the board.
In so testifying, Shahrol denied a suggestion by the defence that he was in cahoots with Low in ripping off 1MDB.
Shahrol further pleaded innocence, maintaining under questioning by lead defence counsel Tan Sri Muhammad Shafee Abdullah that he was clean and had played no role in whatever was taking place.
Shahrol acknowledged that in hindsight the multiple restructuring of 1MDB’s investments abroad was a mechanism to hoodwink the board into believing the investments were secure.
When suggested by Shafee that it was then possible that the prime minister-cum-finance minister could have been similarly hoodwinked, Shahrol replied that he could not comment because he didn’t know if the man had more information than the board.
Shahrol further either denied knowledge or blamed the problems on people appointed to the company by Low.
When he told Shafee he had not read the report by the United States; Department of Justice on 1MDB, the lawyer suggested that he read it because the former CEO’s name is mentioned a lot in it and that a lot of what happened was under his watch.
Former prime minister Datuk Seri Najib Razak faces 25 charges of abuse of power and money laundering involving RM2.28 billion of 1MDB money deposited into his accounts between February 2011 and December 2014.
The trial continues.