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SRC trial: Ihsan Perdana a shelf company buyout, rebranding to handle 1MDB’s CSR projects | Malay Mail

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SRC trial: Ihsan Perdana a shelf company buyout, rebranding to handle 1MDB’s CSR projects

Datuk Seri Najib Razak leaves the Kuala Lumpur Court Complex May 15, 2019. — Picture by Ahmad Zamzahuri

He said Shahrol had informed him of the decision following a board meeting, which he was absent from. “After being given the mandate, I looked for a Sdn Bhd company, a shelf company, with the intentions to carry out 1MDB’s CSR programmes. Such companies, also called blank check companies, are usually sold by accounting or law firms and normally bought to bypass lengthy registration or incorporation processes.

 

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If Ihsan Perdana is to handle 1MDB's CSR projects, why the company paid RM42mil to Najib Razak? Unless the life of Najib Razak is the Corporate Social Responsibility.

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