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Ex-CEO now believes 1MDB's US$2.318b promissory notes are worth nothing

Hidir Reduan Abdul Rashid

Published
Modified 30 Jun 2020, 10:00 am
19

Former 1MDB chief executive officer Shahrol Azral Ibrahim Halmi now believed the US$2.318 billion (RM9.92 billion) in promissory notes the company received as redemption for its investment were worth nothing.

He told the Kuala Lumpur High Court this while under cross-examination by lead defence counsel Muhammad Shafee Abdullah in former prime minister Najib Abdul Razak's RM2.28 billion 1MDB graft trial.

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