CEO accountability is under scrutiny as former 1MDB chief executive Datuk Shahrol Azral Ibrahim Halmi returns to the witness stand, with defence lawyers questioning where responsibility lies for decisions that led to the fund’s multibillion-ringgit losses.
During the 1MDB Civil Trial, Liquidator Angela Barkhouse told the High Court that her team traced allegedly misappropriated 1MDB funds through a complex network of 29 offshore entities, while acknowledging that her findings were based on a retrospective reconciliation and that she could not confirm the final total amount recovered.
Former Prime Minister Najib Tun Razak may rethink judicial review on house arrest after Agong, as hereditary ruler with reserve and residual powers, halved 12 year jail sentence and reduced fine!
Even if the Agong's Decree on house arrest for Najib lies hidden forever, the Pardons' Board letter dated 29 January 2024 on halving of 12 year jail sentence 'without remission' mentioned, exists!
High Court Judge Amarjeet Singh will heave huge sigh of relief in 50 days time, i.e. on June 5, if former Prime Minister Najib Tun Razak’s plight in jail was resolved by house arrest before the next judicial review!
Former Prime Minister Najib Tun Razak has proven, based on strong circumstantial evidence, that Agong's Decree on House Arrest exists and that he merits benefit of the doubt on the matter!
Former 1MDB lawyer Jasmine Loo was first charged in absentia in December 2018 when she was accused of laundering US$5 million and US$999,975, being proceeds of unlawful activity received into the account of River Dee International SA (BVI) in Falcon Private Bank AG in Zurich, but to date the charges have yet to be pursued, giving rise to speculations about a possible deal with the authorities
Rick Haythornthwaite stonewalled investigator on the trail of ‘world’s biggest financial scandal’
On a summer’s day in 2009 on the sparkling waters of the French...
From the number of statements made by Jasmine Loo during the course of her taking the witness stand, it is obvious that the top level management and certain parties involved with 1MDB would keep former Prime Minister, Datuk Seri Najib Razak in the dark about some of the dealings and used his name as purportedly giving approval to some of the project developments.
Attending Medical Officer Dr Hafiz Husni said under oath that the former Prime Minister suffers low blood pressure and pulse, as well as diarrhoea and severe abdominal pain, and is giving him medical leave for two days. However, the attending judge for the 1MDB trial will only accept leave for today (Tuesday)
After much prodding from defence counsel Tan Sri Shafee Abdullah, former 1MDB general counsel Jasmine Loo admits that the joint-venture agreement between 1MDB and PSI was purely a scam
In what is an obvious effort to minimise his error in neglecting to do further due diligence on the investments by SRC, Shahrol said he took things that were proposed to him by Nik Faisal at "face value", including the fact that the latter may be telling former Prime Minister Najib a different story altogether
Lessons not learnt . . . The reasons for the 1MDB global financial scandal remain widely known in the public domain but so far there has been very little evidence that Malaysia has taken steps against history repeating itself!
Former Prime Minister Najib Tun Razak, jailed unrepresented on 23 August 2022, must allow movement on plight in jail -- read remedy -- and not be bogged down in the deadend for no rhyme or reason!