: The High Court here today was told that the former 1Malaysia Development Berhad chief executive officer Datuk Shahrol Azral Ibrahim Halmi had transferred the company’s fund into Good Star Ltd, a company owned by fugitive businessman Low Taek Jho or Jho low, twice.
“This would be the second time Shahrol Azral parted with a further US$330 million of 1MDB’s fund to Good Star. Previously, it was reported that a total of US$700 million of 1MDB’s money was transferred into Good Star in 2009 through the instructions of Shahrol Azral and the second transaction of US$330 million had taken place in 2011.
The MFA was entered into between both parties after terminating their joint venture , which involved 1MDB injecting US$1 billion cash, of which US$700 million was diverted to Good Star.Najib, 71, faces four charges of abusing his position to obtain RM2.3 billion from 1MDB funds at the AmIslamic Bank Berhad branch on Jalan Raja Chulan, Bukit Ceylon, between Feb 24, 2011, and Dec 19, 2014.