1MDB continued giving Jho Low’s firm Good Star money after US$1b zero return deal | Malay Mail

Former 1MDB chief executive officer Datuk Shahrol Azral Ibrahim Halmi arrives at the Kuala Lumpur Courts Complex September 26, 2019. ― Picture by Firdaus Latif

Instead of putting the US$1 billion into the joint venture company 1MDB PetroSaudi Limited’s bank account, Shahrol had also previously described how 1MDB had on September 30, 2009 instead followed PSI’s law firm in transferring the money in two separate sums of US$300 million to the JV firm’s Swiss-based JP Morgan account andShahrol yesterday said that 1MDB never had any business dealings with Good Star throughout his time as 1MDB CEO from 2009 to March 2013, but said Low had around the time of...

“Jho Low told me that Good Star is owned by PSI. He promised to get PSI to write to me a letter to confirm what he had said. That’s why this letter was addressed to me and not to 1MDB,” Shahrol said. Datuk Seri Gopal Sri Ram arrives at the Kuala Lumpur Courts Complex September 18, 2019. — Picture by Yusof Mat IsaAs the joint venture company was inactive from October 2009 to February 2010, 1MDB in March 2010 converted its US$1 billion stake in the joint venture company into an Islamic financing loan via Murabahah notes to the joint venture company with a face value of US$1.2 billion, allowing 1MDB to record a paper profit of US$200 million and to get expected further proceeds via 8.

Shahrol confirmed today that PSI’s Tarek Obaid had bypassed the 1MDB board of directors by writing a February 18, 2011 letter directly to Najib to ask for an additional loan of US$750 million.

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Audit would have shown 1MDB money went to Good Star, court hearsKIALA LUMPUR: If an audit had been conducted on 1Malaysia Development Bhd (1MDB) in 2009, it would have revealed that USD$700 million (RM2.9 billion) was transferred into the account of fugitive businessman Low Taek Jho's company, the High Court heard today. He is just a professional “Ah long” Businessmen !! Handling monies for his client !!! syahredzan We are still waiting on that. Since May 2018.
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Ex-1MDB chief: RM2.93bil loaned to Jho Low's company without my approvalKUALA LUMPUR: An executive director of 1Malaysia Development Bhd (1MDB), who is currently at large, went behind his boss's back by signing an agreement between 1MDB and Good Star Ltd, involving a US$700mil (RM2.93bil) loan repayment. Bukan saya Dia Tapi duit hilang But you signed the cheque, right? Next process. Then the RM 2.93Billiom or after minus the commission RM2 Billion enters ex PM 's personal account
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