KUALA LUMPUR, April 24 — A Malaysian Anti-Corruption Commission (MACC) investigating officer told the High Court today she had never asked Datuk Seri Najib Razak about purported...
1MDB trial: MACC investigating officer says did not ask Najib over US$700m transfer to Jho Low ’s firm Good Star
Malaysian Anti-Corruption Commission Senior Superintendent Nur Aida Arifin said this while under cross-examination as the 49th prosecution witness in Najib’s trial over the misappropriation of 1MDB’s RM2.27 billion here. When asked if she should have asked Najib due to its importance to the investigation, Nur Aida replied in the negative.The controversial transfer is related to 1MDB’s joint venture with Saudi Arabia-based PetroSaudi International Limited , under which 1MDB undertook an equity investment of US$1 billion while PSI injected US$1.5 billion worth of assets into the JV.
Through instructions from Shahrol, 1MDB diverted US$700 million from the US$1 billion JV equity investment into an account belonging to Good Star Limited, on the grounds that Good Star was PSI’s affiliate.In truth, Good Star was an entity linked to Low and whose RBS Coutts account was only nearly four months old at the time of the US$700 million transfer.
1MDB Scandal 1Mdb Trial Najib Razak
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
1MDB trial: Najib did not divulge meeting with Saudi King to MACC investigators, says witnessKUALA LUMPUR, April 22 — Datuk Seri Najib Razak did not divulge to investigators during interrogation of a purported 2010 informal meeting between a Malaysian delegation and then...
Read more »
1MDB trial: Shafee disputes Loo's claim that directors followed Najib's orders blindlySINGAPORE: A woman who was molested by her father as a child in the 1980s forgave him for the abuse, but a seemingly innocuous incident about 40 years later triggered her memories of what he had done to her.
Read more »
Najib unwell, so 1MDB trial cut shortSINGAPORE: A woman who was molested by her father as a child in the 1980s forgave him for the abuse, but a seemingly innocuous incident about 40 years later triggered her memories of what he had done to her.
Read more »
Najib’s 1MDB trial to be heard on Saturdays as well in April and June 2024KUALA LUMPUR, April 5 — In an unprecedented development, the 1Malaysia Development Bhd (1MDB) trial involving former prime minister Datuk Seri Najib Razak at the High Court will...
Read more »
1MDB trial: Loo denies being part of 'inner circle conspiracy' against NajibThe 58-year-old 'Austin Powers' star says that she’s 'never metn the 39-year-old Duke of Sussex.
Read more »
MACC officer: Najib did not disclose info on meeting with Saudi King during interrogationKUALA LUMPUR: The Malaysian Anti-Corruption Commission (MACC) senior officer told the High Court today that Datuk Seri Najib Abdul Razak did not discl...
Read more »