1MDB made no income from US$1 bil investment in Petro Saudi, says ex-CEO

  • 📰 fmtoday
  • ⏱ Reading Time:
  • 18 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 11%
  • Publisher: 72%

Belgique Nouvelles Nouvelles

Belgique Dernières Nouvelles,Belgique Actualités

He says the company made two payments amounting to US$1 billion to Low Taek Jho's Good Star Limited and to the 1MDB Petro Saudi joint venture account. FMTNews

KUALA LUMPUR: Former 1MDB chief executive officer Shahrol Azral Ibrahim Halmi told the High Court in Najib Razak’s 1MDB trial that there were no returns from the sovereign fund’s RM1 billion investment into the companies purportedly linked to Petro Saudi International.

Shahrol also told the court that 1MDB’s board of directors had asked him, on behalf of the management to get back US$700 million paid to Good Star during 1MDB’s meeting on Oct 3, 2009. He said that since the joint venture with Petro Saudi failed to produce any results, Low and his associate, Casey Tang, suggested to him to end the joint venture.

 

Merci pour votre commentaire. Votre commentaire sera publié après examen.

This, man should go to jail for being an accomplice to the crime. He is disgusting.

Nous avons résumé cette actualité afin que vous puissiez la lire rapidement. Si l'actualité vous intéresse, vous pouvez lire le texte intégral ici. Lire la suite:

 /  🏆 5. in BE

Belgique Dernières Nouvelles, Belgique Actualités

Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.

DAY 13: Joint venture company wouldn't cooperate with 1MDB - ShahrolLIVE | 1MDBTrial 3.10pm - 1MDB transferred US$700m to Good Star Ltd in Sept 2009 Follow our live reports at
La source: malaysiakini - 🏆 20. / 51 Lire la suite »