KUALA LUMPUR: Former 1Malaysia Development Bhd (1MDB) CEO Datuk Shahrol Azral Ibrahim Halmi should have never entertained instructions by Low Taek Jho, a fugitive businessman who held no position in the sovereign wealth fund, the High Court heard.
Datuk Seri Najib Razak testified that as the then CEO of 1MDB, Shahrol bore the responsibility to request formal, written approval from him (Najib) under Article 117 of the Memorandum and Article of Association (M&A) if an endorsement was necessary.
