News by Ahmad Naqib Idris

Hazem denies he conspired with Jho Low to siphon millions from 1MDB

Replying to former premier Datuk Seri Najib Razak’s lawyer Tan Sri Muhammad Shafee Abdullah, 1Malaysia Development Bhd’s (1MDB) former CEO Mohd Hazem Abd Rahman rejected the claim that he committed abuse of power and breach of trust by misappropriating US$250 million from 1MDB

18 August, 2021

Shahrol agrees circulars were devised to deceive 1MDB board members

Lead defence counsel Tan Sri Muhammad Shafee Abdullah alluded during cross-examination today that the Directors Circular Resolution (DCR) pertaining to the conversion of 1MDB's 49% equity stake in PetroSaudi Oil Services Ltd (PSOSL), a subsidiary of PetroSaudi International Ltd (PSI), into fund units was worded in such a way to make it difficult for the board members to understand the processes involved.

30 June, 2020
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