1MDB trial: US$9m flowed from Jho Low’s firm to Hollywood company of Najib’s stepson | Malay Mail

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KUALA LUMPUR, Sept 26 — Good Star Ltd that investigators say is controlled by Low Taek Jho channelled US$9 million to Riza Aziz’s Red Granite Pictures, the High Court heard today. Prosecutors in Datuk Seri Najib Razak’s 1MDB corruption trial produced today documents showing the fund transfer...

Former 1MDB CEO Datuk Shahrol Azral Ibrahim Halmi is pictured at the Kuala Lumpur High Court September 25, 2019. — Picture by Yusof Mat Isa

Prosecutors in Datuk Seri Najib Razak’s 1MDB corruption trial produced today documents showing the fund transfer via RBS Coutts Bank, Zurich in Switzerland to his stepson’s firm that was responsible for Hollywood blockbusterLead senior deputy public prosecutor Datuk Sri Gopal Sri Ram brought out the documents during examination-in-chief of 1MDB former chief executive Datuk Shahrol Azral Ibrahim Halmi.

Riza Aziz stands with Joey McFarland, another producer of the film ‘The Wolf of Wall Street’, as they arrive at the 25th Annual Producers Guild of America Awards in Los Angeles January 19, 2014.

On the third and fourth charges, he was charged with committing a similar offence, involving US$133 million and US$60 million, through money transfer transactions from an account number belonging to Aabar Investment PJS Limited at BSI SA, Lugano, Switzerland, to an account number belonging to Red Granite Capital Ltd at BSI Bank Limited, Singapore.

 

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Ex-1MDB chief: RM2.93bil loaned to Jho Low's company without my approvalKUALA LUMPUR: An executive director of 1Malaysia Development Bhd (1MDB), who is currently at large, went behind his boss's back by signing an agreement between 1MDB and Good Star Ltd, involving a US$700mil (RM2.93bil) loan repayment. Bukan saya Dia Tapi duit hilang But you signed the cheque, right? Next process. Then the RM 2.93Billiom or after minus the commission RM2 Billion enters ex PM 's personal account
Source: staronline - 🏆 4. / 75 Read more »