Shahrol: Jho Low told me ‘boss will bulldoze, don’t worry’
On several occasions, approvals for the ventures of the troubled state investment fund were fast tracked, obtaining approvals within a matter of days.
On several occasions, approvals for the ventures of the troubled state investment fund were fast tracked, obtaining approvals within a matter of days.
Aabar BVI was in fact a company incorporated by Low Taek Jho — better known as Jho Low — and his associates in British Virgin Islands.
The senior DPP also produced a document which showed that Riza Aziz is the sole director in Red Granite.
Shafee said Najib had been told that the bonds had already been issued at that point.
The agreement was supposed to be inked by both parties during the visit scheduled on Sept 28, 2009, said Shahrol.
The management of the company received notification that the MoF Inc would like to perform an audit or due diligence on 1MDB.
The witness said Mizan seemed angry and mentioned an “unsavoury character”, although Shahrol did not know who he was referring to.
The witness said this was because all big decisions, including those pertaining to investments, required the approval of Datuk Seri Najib Abdul Razak.
The deadline was about a month after TIA issued a letter outlining the key terms of the IMTN programme, dated April 26, 2009.
Although he did not specifically mention which projects were mentioned in the document, it is understood that it would refer to the China government-backed projects including the East Coast Rail Link (ECRL) project, and the Trans-Sabah Gas Pipeline and Multi-Product Pipeline projects.