Shahrol Azral, 49, when reading his witness statement, said he had signed the remittance form totalling US$576,943,490 submitted by Terence Geh without suspicions to be paid to Aabar Investment's account at BSI Bank SA, Lugano, Switzerland from the Falcon Private Bank account owned by 1MDB Energy Ltd as presented by 1MDB lawyer, Jasmine Loo.
The ninth prosecution witness said he had also believed that the security deposit would be returned to the company when the initial public offering for the 1MDB subsidiary's energy business were made for listing on the Kuala Lumpur Stock Exchange. "On the same date , 1MDB Energy Limited made a withdrawal amounting to US$576,943,490 in reference to payment to Aabar Investments PJS Ltd through a remittance that was referred to me," he said.
The key prosecution witness explained that the bond negotiations from IPIC were very complex and involved a Government-Government or 'G2G' relationship between Abu Dhabi and Malaysia.