I was told to sign US$1 bil deal with Caribbean company, says ex-1MDB CEO

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Shahrol Azral Ibrahim Halmi says 1MDB executive director Tang Keng Chee informed him that PSI Cayman was a subsidiary of Petro Saudi International. FMTNews ShahrolAzralIbrahimHalmi TangKengChee

Shahrol Azral Ibrahim Halmi says he relied on 1MBD executive director Tang Keng Chee.

Shahrol said that then 1MDB executive director Tang Keng Chee, commonly known as Casey, had informed him that the company registered in Cayman Island, Petro Saudi International or PSI Cayman, was Petro Saudi International’s subsidiary. Lawyer Muhammad Shafee Abdullah, representing Najib, raised concern over Shahrol’s conduct in taking advice from Tang.: You seem to be dependent on Jho Low and Casey. You know that the Cayman company and Petro Saudi International are two different entities? Why listen to Casey when you had the board of directors to refer to or call your lawyers?Shafee asked Shahrol whether he had ever raised doubts on signed an “expensive” deal with a different company.

 

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