Shahrol: Don’t blame 1MDB directors for loss-making investmentsKUALA LUMPUR (Sept 24): The first chief executive officer of sovereign wealth fund 1Malaysia Development Bhd (1MDB), Datuk Shahrol Azral Ibrahim Halmi, said its board of directors (BOD) should not be blamed for the fund’s loss-making investments.
The witness said this was because all big decisions, including those pertaining to investments, required the approval of Datuk Seri Najib Razak — who was then the premier, Finance Minister and the chairman of the fund’s board of advisers.