1MDB signed US$1b deal with PSI’s Cayman doppelganger instead of board’s approved firm, says ex-CEO | Malay Mail

Wednesday, 16 Oct 2019 07:46 PM MYTFormer 1MDB chief executive officer Datuk Shahrol Azral Ibrahim Halmi is pictured at the Kuala Lumpur Courts Complex October 16, 2019. — Picture by Hari Anggara

Shahrol, who was testifying as the ninth prosecution witness in Datuk Seri Najib Razak’s corruption trial over 1MDB, had signed the deal on behalf of 1MDB. “Again there was a legal team looking into this, and Casey was someone who was experienced with international deals and he didn’t indicate that this was something that shouldn’t have been done,” Shahrol replied.

Shahrol said he had appointed Tang to be in charge of “basically delivering the deal”, which meant that the official had to coordinate between 1MDB’s investment team and all external parties including PSI and 1MDB’s lawyers.

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