Ex-CEO: Najib was like ‘emperor of 1MDB’, ultimate power in company | Malay Mail

  • 📰 malaymail
  • ⏱ Reading Time:
  • 47 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 22%
  • Publisher: 86%

Malaysia News News

Malaysia Malaysia Latest News,Malaysia Malaysia Headlines

KUALA LUMPUR, Oct 17 — Datuk Shahrol Azral Ibrahim Halmi agreed that former Prime Minister Datuk Seri Najib Razak was virtually the 'emperor' of 1Malaysia Development Berhad (1MBD) as he was the ultimate decision-maker in the company. Testifying against Najib in the latter’s 1MDB corruption...

, which required 1MDB to obtain the prime minister's prior written approval for major decisions, including those touching on the company's senior management, financial affairs and investments.

Shahrol then agreed, stating further that is what he had experienced during his tenure as 1MBD chief executive officer from 2009 to 2013, where Najib had signed off on documents on 1MDB's investments during that period. While Shafee argued that Najib could not have been functioning in such a role when the meeting was not attended by any others from the board of advisers, Shahrol disagreed and noted that 1MDB officials routinely refer to Najib in internal documents by that title of"chairman of the board of advisers".

"For me, if Datuk Seri Najib makes a decision, it's the same decision that will apply, whether he is prime minister, the finance minister or chairman of the board of advisers, he's the boss, I follow his actions," Shahrol said, also explaining such two-person meetings were to enable"black and white" documentation of Najib's instructions for 1MDB affairs.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Any fool, esp a legally trained fool like Shafee, can easily understand the intent, words, meaning & implications of Article 117. I think that the outcome will be the same if given the layman's / man-on-street test.

napoleontheONE Hey, NajibRazak - looks like your 'clothes' are being stripped off by your former cronies and sycophants, huh? Except that these cronies and sycophants didn't want to admit that you had no 'clothes' on at all when you were 'Emperor'!

'KUALA LUMPUR (Sept 23): When asked about his cronies in a video posted online on Saturday, the former prime minister Datuk Seri Najib Razak said all of Malaysia were his cronies, and should go to jail with him.' That is the reason why Najib still not in jail. Smart guy!

Correction. Jho Low is your emperor la sharol. You signed the PSI JV blindly without any due dilligence and this has nothing to do with najib. 99k a month and you presented yourself as a tool for Jho Low.🤦🏻‍♂️

A classic example of a totally stupid question by defence which backfired. The word 'emperor ' was suggested by Shafee in cross. Silly to do that. Sri Ram must be laughing. Najib looks worst now with being 'emperor '. KMurthychettiar jalphonsalopez

coffee shop talk by ex ceo.

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:

 /  🏆 1. in MY

Malaysia Malaysia Latest News, Malaysia Malaysia Headlines