1MDB Former CEO last drawn was 99k monthly salary 
Oct 1 2019, 02:21 PM
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QUOTE(DarkAeon @ Oct 1 2019, 01:33 PM)
1MDB trial: Former CEO says he earned RM99k monthly salary, 18-month bonus at one time
https://www.thestar.com.my/news/nation/2019...nus-at-one-time
KUALA LUMPUR: The former 1Malaysia Development Bhd (1MDB) chief executive officer earned RM99,000 a month as his last drawn salary, the High Court here has been told.
Datuk Shahrol Azral Ibrahim Halmi said his starting salary when appointed to 1MDB's precursor Terengganu Investment Authority Bhd (TIA) back in March 2009 was around RM80,000.
“Every year, the HR (human resources) department would engage external consultants to measure the industry benchmark on increments.
“I don't remember the exact yearly increment, but my last drawn salary was RM99,000 before tax, ” he replied during examination-in-chief in the 1MDB trial on Tuesday (Oct 1).
Asked if he received any bonuses, Shahrol said the quantum was determined by the 1MDB board of director's remuneration committee, and was dependant on the KPI (key performance indicator) set the year before and tabled to the board.
Lead prosecutor Datuk Seri Gopal Sri Ram asked if then finance minister Datuk Seri Najib Razak had shown appreciation for his work, Shahrol recalled a call he received from Najib back in 2011-2012, where the former premier inquired about the corporate social responsibility (CSR) projects conducted for Yayasan 1MDB.
“I was very excited and I recalled during that conversation I impolitely cut off Najib a number of times as he was asking his questions, because I knew what he was asking, I had the answers, and I was very pleased to be speaking to him.” he said.
Asked why he was pleased, Shahrol replied, “He was the PM (laughs), you don't usually get the chance to speak to him”.
He added that several days later fugitive financier Low Taek Jho, better known as Jho Low, mentioned that call to him and said that “boss was pleased” that Shahrol seemed to be on top of things, referring to Najib.
Asked if he received a financial reward after the call, Shahrol confirmed he received an 18-month bonus of his then RM80,000 plus salary (for a total of RM1.44mil).
This prompted Sri Ram to quip, “Now I know I'm in the wrong profession”.
Najib, 66, faces 25 charges in total – four for abuse of power that allegedly brought him a financial benefit to the tune of RM2.3bil; and 21 for money laundering involving the same amount of money.
He faces imprisonment of up to 20 years and a fine of up to five times the sum or value of the gratification if found guilty.
The trial continues before High Court judge Justice Collin Lawrence Sequerah next Monday (Oct 7).
https://www.thestar.com.my/news/nation/2019...nus-at-one-time
KUALA LUMPUR: The former 1Malaysia Development Bhd (1MDB) chief executive officer earned RM99,000 a month as his last drawn salary, the High Court here has been told.
Datuk Shahrol Azral Ibrahim Halmi said his starting salary when appointed to 1MDB's precursor Terengganu Investment Authority Bhd (TIA) back in March 2009 was around RM80,000.
“Every year, the HR (human resources) department would engage external consultants to measure the industry benchmark on increments.
“I don't remember the exact yearly increment, but my last drawn salary was RM99,000 before tax, ” he replied during examination-in-chief in the 1MDB trial on Tuesday (Oct 1).
Asked if he received any bonuses, Shahrol said the quantum was determined by the 1MDB board of director's remuneration committee, and was dependant on the KPI (key performance indicator) set the year before and tabled to the board.
Lead prosecutor Datuk Seri Gopal Sri Ram asked if then finance minister Datuk Seri Najib Razak had shown appreciation for his work, Shahrol recalled a call he received from Najib back in 2011-2012, where the former premier inquired about the corporate social responsibility (CSR) projects conducted for Yayasan 1MDB.
“I was very excited and I recalled during that conversation I impolitely cut off Najib a number of times as he was asking his questions, because I knew what he was asking, I had the answers, and I was very pleased to be speaking to him.” he said.
Asked why he was pleased, Shahrol replied, “He was the PM (laughs), you don't usually get the chance to speak to him”.
He added that several days later fugitive financier Low Taek Jho, better known as Jho Low, mentioned that call to him and said that “boss was pleased” that Shahrol seemed to be on top of things, referring to Najib.
Asked if he received a financial reward after the call, Shahrol confirmed he received an 18-month bonus of his then RM80,000 plus salary (for a total of RM1.44mil).
This prompted Sri Ram to quip, “Now I know I'm in the wrong profession”.
Najib, 66, faces 25 charges in total – four for abuse of power that allegedly brought him a financial benefit to the tune of RM2.3bil; and 21 for money laundering involving the same amount of money.
He faces imprisonment of up to 20 years and a fine of up to five times the sum or value of the gratification if found guilty.
The trial continues before High Court judge Justice Collin Lawrence Sequerah next Monday (Oct 7).
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