1MDB trial: Ex-CEO says Jho Low chose, but Najib signed appointment letters for Louis Vuitton boss, others as advisers | Malay Mail

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KUALA LUMPUR, Oct 10 — Datuk Seri Najib Razak personally signed the letters of appointment for famous personalities such as luxury fashion brand Louis Vuitton’s boss Bernard Arnault to act as international advisers for 1Malaysia Development Berhad (1MDB) predecessor Terengganu Investment...

1MDB trial: Ex-CEO says Jho Low chose, but Najib signed appointment letters for Louis Vuitton boss, others as advisersDatuk Seri Najib Razak arrives at the Kuala Lumpur Courts Complex October 8, 2019. — Picture by Hari Anggara

The names proposed for TIA’s board of advisers were Abu Dhabi sovereign wealth fund Mubadala’s CEO Khaldoon Al-Mubarak, The Walt Disney Company’s former CEO Michael Eisner, US firm General Electric’s then CEO Jeffrey Immelt and an individual named Peter Sutherland, with Shahrol confirming that all four names were given by Low.

Shahrol confirmed that none of these international advisers attended 1MDB meetings, as 1MDB management was never able to get them all together in the same place due to “scheduling conflicts”, although 1MDB did try to organise a board of advisers meeting with their presence. “I testify to the best of my recollection there was a letter from Citic chairman affirming he accepts,” Shahrol said.When asked by Shafee about 1MDB board of directors member Ashvin Jethanand, Shahrol said it was also Low who had recommended this name following the resignations of Tan Sri Mohd Bakke Salleh and Tan Sri Azlan Zainol from the board of directors.

 

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