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Najib believed Saudi govt owned offshore company, says witness

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Kuala Lumpur: The High Court heard today that Najib Razak believed the shell company, Blackstone Asia Real Estate Partners, was either controlled or owned by the government of Saudi Arabia.

Blackstone is the offshore company that received millions in funds from 1MDB which subsequently flowed into the former prime minister’s personal bank account.Malaysian Anti-Corruption Commission investigating officer Nur Aida Arifin, 37, said Najib informed the anti-graft agency of the matter when his statement was recorded under Section 23 of the MACC Act 2009.

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Reports indicate that Jho Low established Blackstone Asia Real Estate Partners, a shell company bearing a resemblance in name to the legitimate real estate private equity firm, Blackstone Real Estate.

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