1MDB

Najib’s Lawyer Claims Jho Low made US$1.9 million from 1MDB, not Najib

Najib Razak’s lawyer Tania Scivetti told the High Court that former 1MDB CEO Shahrol Azral Ibrahim Halmi benefited from his role, allegedly secured through fugitive financier Low Taek Jho’s recommendation. She argued that Shahrol’s RM99,000 monthly salary, RM160,000 signing bonus, and other job perks constituted “gratification” under Section 3(b) of the MACC Act.

Jho Low

Scivetti said Shahrol’s appointment as CEO of the Terengganu Investment Authority (later renamed 1MDB) was based on Low’s influence and that he became a “willing participant” in 1MDB’s financial dealings. She claimed Low gained about US$1.988 billion from transactions authorised by Shahrol, including funds channelled through Good Star Limited and Aabar-linked entities.

Najib’s defence also maintained that Shahrol was not merely following instructions but was actively complicit in 1MDB’s financial misconduct. Defence lawyer Wan Azwan Aiman argued the prosecution had failed to prove Najib abused his position for personal gain. Najib faces 25 charges involving more than RM2 billion of 1MDB funds. The trial continues tomorrow.

Business News

Table of Contents

News Malaysia and Global

Read More News on Latest Malaysia

Read More News on Business News Malaysia

Read More News on SG Business News

Read More News on World Future TV

Read More News #latestmalaysia

Staff Writer

Recent Posts

US Trade deficit widened in Feb by less than forecast

In February, the US trade deficit grew to USD57.3 billion, less than expected, with increases…

1 hour ago

MTT Shipping and Logistics: Ruling the Domestic Container Lanes

Public Investment Bank values MTT Shipping and Logistics Berhad at RM1.23, citing a 10x PER…

3 hours ago

VS Industry: Dragged by Philippines Operations

VS Industry Bhd faces substantial losses in the Philippines due to supply chain disruptions and…

3 hours ago

Trump Fires Pam Bondi, Names Todd Blanche Acting Chief

Trump fires Attorney General Pam Bondi, appoints Todd Blanche interim chief; Democrats welcome move, citing…

6 hours ago

What my academic journey taught me about success

The author reflects on the pressures of the SPM exam in Malaysia, recognizing that true…

21 hours ago

FBM KLCI dips below 1,700 as Trump zigzags on Iran strikes

The FBM KLCI fell below 1,700 due to heightened Middle East tensions, despite earlier optimism…

22 hours ago

This website uses cookies.