KUALA LUMPUR — Nov. 6, 2019: More stories about what looked like dubious money transfers were heard in court today, with US$83 million going into the personal account of the PetroSaudi International CEO and then to company owned by fugitive businessman Jho Low.
The transfer was first asked by the CEO Tarek Obaid after PSI had received US$500 million 1Malaysia Development Berhad in September 2010.
A document also showed that Tarek has issued instructions to his personal banker to transfer the amount equivalent to about RM340 million to Good Star Ltd., a company owned by Low.
This was acknowledged by former 1MDB CEO Datuk Shahrol Azral Ibrahim Halmi when referred to the document by lawyer Tan Sri Muhammad Shafee Abdullah, acting for former prime minister Datuk Seri Najib Razak who is facing 25 charges involving RM2.3 billion of 1MDB money.
However Shahrol claimed not to have known about this transaction as he has no visibility of the account.
He explained that when he was investigated by the Malaysian Anti-Corruption Commission, he was only shown a high-level money trail from 1MDB, which went to Jho Low-linked companies like Good Star and Aabar BVI.
“Only high-level trail, not the specific details and mechanics,” he said.
Hearing before Justice Collin Lawrence Sequerah continues.