1MDB ex-CEO says he took Jho Low’s word on Petrosaudi deal

1MDB ex-CEO says he took Jho Low’s word on Petrosaudi deal

KUALA LUMPUR, Aug 27 — Former 1Malaysia Development Berhad (1MDB) chief executive officer Datuk Shahrol Azral Ibrahim Halmi told the High Court today that he believed fugitive businessman Low Taek Jho or Jho Low’s information about the proposed US$2.5 billion joint venture (JV) signing ceremony between the company and PetroSaudi International Ltd (PSI) as there had been early communication with the Prime Minister’s Office (PMO), in 2009.The 56-y…

Ex-1MDB CEO says he believed Jho Low’s claim on US$2.5bil PetroSaudi JV

Former 1MDB CEO Shahrol Azral Ibrahim Halmi is the fourth plaintiff witness in the US$5.64 billion suit filed by 1MDB and its four subsidiaries against former prime minister Najib Razak and several of the firm's former senior executives.KUALA LUMPUR: Former 1MDB CEO Shahrol Azral Ibrahim Halmi told the High Court he believed fugitive businessman Low Taek Jho’s (Jho Low) claim that a US$2.5 billion joint venture between 1MDB and PetroSaudi Intern…