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French businessman Arnault on TIA board of advisors on Najib's approval

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KUALA LUMPUR: French business magnate Bernard Arnault was appointed a member of the Terengganu Investment Authority (TIA) Bhd board of advisors upon the approval of former prime minister Datuk Seri Najib Razak, the High Court heard.

Former 1Malaysia Development Bhd CEO Datuk Shahrol Azral Ibrahim Halmi, 49, said Arnault’s name was suggested by fugitive financier Low Taek Jho, or better known as Jho Low.

“The name came from Jho. He told me Najib had agreed to it when we went through the appointment letters and confirmations during a board of directors meeting, ” Shahrol said. Shafee earlier referred the witness to a document with a list of individuals who should sit on TIA’s international board of advisors.

However, Shahrol said only Khaldoon, Arnault, CITIC Group chairman Chang Zhenming and Qatari minister Sheik Hamad Jassim Jabar Al-Thani were appointed to the international board of directors.

 

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