Najib's 1MDB trial: Ex-CEO tells court he has never seen Jho Low's signature

  • Nation
  • Tuesday, 08 Oct 2019

KUALA LUMPUR: The former 1Malaysia Development Bhd (1MDB) CEO has never seen the signature of fugitive financier Low Taek Jho, or Jho Low, on company documents, despite the latter’s heavy involvement in the sovereign state fund, the High Court heard on Tuesday (Oct 8).

Datuk Shahrol Azral Ibrahim Halmi, 49, said he could not identify Low’s signature when asked by lead counsel Tan Sri Muhammad Shafee Abdullah during cross-examination here on Tuesday.

Low was an advisor to 1MDB since its early inception as the Terengganu Investment Authority (TIA).

Shafee: In all these years that you know Jho Low, you can't identify his signature?

Shahrol: Yes.

Shafee: Why?

Shahrol: I haven't seen documents signed by him.

Shafee: Doesn't that alarm you? Isn’t that a signal of something disastrous?

A: No.

The lawyer then repeatedly asked whether the absence of documents signed by Low was alarming, and the witness replied in the negative.

“That I don’t recognise his signature? No, that does not alarm me, ” said Shahrol.

Shafee then said it was not the fact Shahrol could not recognise Low’s signature, but it was Low never signing any documents.

The witness said this was because Low had no official dealings with 1MDB.

According to Shahrol’s 270-page witness statement, Low had no formal power in the governance of TIA, but was still able to influence decisions on an executive level when TIA was first established in 2009.

TIA later issued a formal resolution on Low’s appointment on April 8 that same year.

Najib, 66, faces 25 charges in total - four for abuse of power that allegedly brought him financial benefit to the tune of RM2.3bil; and 21 for money laundering involving the same amount of money.

He faces imprisonment of up to 20 years and a fine of up to five times the sum or value of the gratification if found guilty.

The trial continues before High Court judge Justice Collin Lawrence Sequerah on Wednesday (Oct 8).

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