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


  • Nation
  • Wednesday, 16 Oct 2019

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.

Limited time offer:
Just RM5 per month.

Monthly Plan

RM13.90/month
RM5/month

Billed as RM5/month for the 1st 6 months then RM13.90 thereafters.

Annual Plan

RM12.33/month

Billed as RM148.00/year

1 month

Free Trial

For new subscribers only


Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!
   

Next In Nation

Do you know... about the Nation searches for answers?
Victims’ families to get psychological support
The nation mourns, say leaders
‘Maybe God loves Joanna more’
Man charged with intimidation and possession of porn
75 schoolkids down with food poisoning
‘Satisfactory English proficiency among Orang Asli pupils’
Terengganu on alert for deviant teachings
Transport firms urged to apply for fleet card
Investigation board to be set up

Others Also Read