Former 1MDB chief executive still in Malaysia

  • Nation
  • Wednesday, 20 Jun 2018


PETALING JAYA: Former 1Ma­­lay­sia Development Bhd (1MDB) president and CEO Datuk Shahrol Azral Ibrahim Halmi (pic), the fund’s first CEO and key perso­nality linked to the corruption scandal, is arguably the only prominent person who is still in the county.

According to sources, he was seen last week at the office of Malaysia Petroleum Resources Corporation (MPRC) where he is currently president and chief executive prior to going on Hari Raya leave.

“As far as MPRC is concerned, Shahrol has been performing his duties and attending events of the organisation,” a source told the The Star.

Shahrol was the first CEO of 1MDB and played a key role in its formative years.

Most of the fund’s major deals and borrowings took place du­­ring his watch at the sovereign fund.

They included the expensive acquisitions of power assets between 2012 and 2013.

According to the recently released Audi­tor-­General’s executive summary on 1MDB, Shahrol went ahead and signed an agreement with AmBank in May 2009 to issue a RM5bil bond, despite being told not to do so.

The report also chided the 1MDB management led by Shahrol for not providing the board with accurate information on transactions in relation to its investments that have mostly gone sour.

Shahrol, who had a stint at Per­formance Management and Delive­ry Unit (Pemandu) after 1MDB, is also on the travel blacklist over 1MDB probe.

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