1MDB board disappointed US$700m transferred to Jho Low-linked entity – witness

Published by
Malaysiakini (English)

1MDB TRIAL | 1MDB’s board of directors were not only left in the dark, but also disappointed with its management’s decision to transfer US$700 million to a corporate entity linked to Low Taek Jho, the Kuala Lumpur High Court heard today. The sovereign wealth fund’s former board member Ismee Ismail testified that the board raised its concerns over the issue during a meeting at Royale Bintang Damansara on Oct 3, 2009. Thirteenth prosecution witness Ismee said that besides himself, others who attended the 1MDB board meeting were its then chairperson Mohd Bakke Salleh, its then CEO Shahrol Azral I…

Read More

Leave a Reply

Your email address will not be published. Required fields are marked *

For security, use of Google's reCAPTCHA service is required which is subject to the Google Privacy Policy and Terms of Use.

I agree to these terms.