Ex-1MDB CEO admits signing US$1bil agreement for PetroSaudi Cayman instead of PetroSaudi International


KUALA LUMPUR: The High Court was told that 1Malaysia Development Bhd (1MDB) signed a joint venture (JV) agreement with PetroSaudi Holdings (Cayman) Ltd and not PetroSaudi International (PSI), which it had been in talks with.

Former 1MDB chief executive officer Datuk Shahrol Azral Ibrahim Halmi, 49, said he signed the document in 2009 despite the different name.

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