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Published on: Wednesday, February 10, 2021 By: Bernama Text Size: Mohd Hazem said Jho Low was also in the position to decide who could be the next CEO of the sovereign wealth fund. Kuala Lumpur: Fugitive businessman Low Taek Jho or Jho Low was “the man of the company” although he had no official position in 1Malaysia Development Berhad (1MDB), said its former chief executive officer (CEO), Mohd Hazem Abd Rahman. The 47-year-old witness contended that Jho Low was also in the position to decide who could be the next CEO of the sovereign wealth fund. The 10th prosecution witness was testifyi...

Tuesday, 09 Feb 2021 04:40 PM MYT BY IDA LIM Datuk Seri Najib Razak arrives at the Kuala Lumpur High Court Complex February 9, 2021. — Picture by Yusof Mat Isa Subscribe to our Telegram channel for the latest updates on news you need to know. KUALA LUMPUR, Feb 9 — Low Taek Jho’s name was not mentioned in 1Malaysia Development Board (1MDB) board meetings but his instructions were instead described as “PMO” or the Prime Minister’s Office, the company’s former CEO Mohd Hazem Abd Rahman told the court today. Testifying as the 10th prosecution witness in Datuk Seri Najib Razak’s tr...

KUALA LUMPUR (Jan 6): Former 1Malaysia Development Bhd (1MDB) CEO Mohd Hazem Abdul Rahman seemed to be non-committal about putting the blame on Goldman Sachs and his predecessor Datuk Shahrol Azral Ibrahim Halmi with regard to the issues surrounding the controversial fund's acquisition of Mastika Lagenda Sdn Bhd. During the continuation of cross-examination today, Hazem was quizzed over the 49% call option granted to Aabar Investments PJS Ltd (BVI) as well as a purported security deposit of US$577 million for Aabar to secure a guarantee from International Petroleum Investment Corp (IPIC). Da...