Ex-1MDB chief: RM2.93bil loaned to Jho Low's company without my approval

Datuk Seri Najib Abdul Razak at the Kuala Lumpur Courts Complex. - AZMAN GHANI/The Star

KUALA LUMPUR: An executive director of 1Malaysia Development Bhd (1MDB), who is currently at large, went behind his boss's back by signing an agreement between 1MDB and Good Star Ltd, involving a US$700mil (RM2.93bil) loan repayment.

The High Court heard from former 1MDB CEO Datuk Shahrol Azral Ibrahim Halmi, 49, that he had never permitted Tang Keng Chee, or Casey Tang, to sign any agreements with Good Star, a company that belonged to fugitive financier Low Taek Jho.