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.
MACC, acting on the directive of Prime Minister Anwar Ibrahim, was apparently probing former leaders including one time Finance Minister II Daim Zainuddin and former dictatorial Prime Minister Mahathir Mohamad. They may have unlawfully retained reported Old Umno billions in assets!