KUALA LUMPUR: The joint venture (JV) agreement, rather than a memorandum of understanding (MoU) between 1Malaysia Development Bhd (1MDB) and Aabar Investment PJS, was hurried because it was directed by the Prime Minister’s Office (PMO), the High Court heard.
Former 1MDB chief executive officer Datuk Shahrol Azral Ibrahim Halmi said although it was proper to sign the MoU first before inscribing the JV agreement, it was not necessary as details on the agreement were moved by the PMO.
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