Jho Low prevails over 1MDB directors regarding 1MDB offshore investment: Witness

  • 📰 theSundaily
  • ⏱ Reading Time:
  • 28 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 15%
  • Publisher: 51%

Business News News

Business Business Latest News,Business Business Headlines

He said this during cross-examination by Muhammad Shafee at Najib’s trial involving the misappropriation of RM2.3 billion from 1MDB funds. theSun thesundaily 1MDB JhoLow NajibRazak BrazenSky

: Former Singaporean banker told the High Court today that based on his observation, fugitive businessman Low Taek Jho or Jho Low was the higher authority who green-lighted the financial decision involving 1Malaysia Development Berhad offshore investment in Brazen Sky Limited.

counsel, Tan Sri Muhammad Shafee Abdullah, that that situation made Jho Low seem more powerful, prevailing over 1MDB two directors, Terence Geh and Azmi Tahir. The 44th prosecution witness said it was his impression that Azmi and Geh were not empowered to make any decisions involving the transaction and that they had to refer to a higher authority, which he observed pointing to Jho Low.

Muhammad Shafee: Things at Brazen Sky cannot move unless Azmi and Geh say yes, but you said in your witness statement that Jho Low prevailed over them.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 25. in BUSİNESS

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Jho Low ‘higher authority’ behind 1MDB offshore investment: Witness1MDB TRIAL | Ex-banker testifies he had observed the fugitive greenlit such investment.
Source: malaysiakini - 🏆 20. / 51 Read more »