1MDB management met in London to discuss additional RM1bil funds for joint venture, court told

KUALA LUMPUR: The 1Malaysia Development Berhad (1MDB) board of directors held a meeting in London on May 16, 2011 to discuss the agreement on the additional RM1bil 1MDB-PetroSaudi investment joint venture under the Murabaha financing scheme, the High Court was told.

Former 1MDB company secretary, Goh Gaik Kim, 54, who was also present at the meeting, along with Tan Sri Che Lodin Wok Kamaruddin, Datuk Shahrol Azral Ibrahim Halmi, Tan Sri Ismee Ismail, Jasmine Loo Ai Swan and Ashvin Jethanand, said arrangements to hold the meeting at Hilton Hotel, London were made by the 1MDB management.