1MDB ex-CEO Shahrol says no deal to escape US$5.64b civil suit, says no explanation given too

In a recent testimony, former 1Malaysia Development Berhad (1MDB) CEO Datuk Shahrol Azral Ibrahim Halmi revealed to the High Court that he is unaware of the reason behind the company's decision to no longer include him in its US$5.64 billion civil suit. During cross-examination by lawyer G.K. Ganesan, Shahrol stated that he did not enter into any agreement with the government to be excluded from the suit and was not provided with any explanation for this decision.

Ganesan further asked if Shahrol had signed a consent judgment with 1MDB after being removed as a defendant, to which the CEO confirmed that he had not. Additionally, Shahrol denied claims that he was attempting to shift blame onto others while attempting to clear himself in the controversial sovereign wealth fund case. The civil suit was filed by 1MDB and its subsidiaries on May 7, 2021, accusing the involved individuals of various offenses including breach of trust, breach of statutory duty, abuse of power, and conspiracy to misappropriate 1MDB funds. The trial is expected to resume the following day.