The defence, representing Datuk Seri Najib Razak who is accused of misappropriating RM2.28bil of 1MDB funds, revealed that there was a second Aabar Investments PJS Ltd, this one incorporated in the Seychelles.The matter was raised when lawyer Wan Aizuddin Wan Mohamed questioned former 1MDB CEO Shahrol Azral Ibrahim Halmi on the remittance of US$223mil from 1MDB Energy Ltd to Aabar BVI.
The court had previously heard testimony that the British Virgin Islands-incorporated Aabar Investments PJS Ltd was not the same as Aabar Investment PJS , based in Abu Dhabi, UAE). Shahrol said that during the course of the investigation, he may have been shown documents stating that there were two companies named Aabar Investments PJS Ltd.
The court was also told that 1MDB had taken a US$975mil loan from Deutsche Bank but it was never utilised to pay back the “Aabar options”.