1MDB signed US$1b deal with PSI’s Cayman doppelganger instead of board’s approved firm, says ex-CEO

1MDB signed US$1b deal with PSI’s Cayman doppelganger instead of board’s approved firm, says ex-CEO

Yahoo - Malaysia·2019-10-16 19:46

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KUALA LUMPUR, Oct 16 — 1Malaysia Development Berhad (1MDB) had signed a joint venture deal in 2009 with a company based in the Cayman Islands instead of the 1MDB board’s approved partner named PetroSaudi International (PSI) Ltd, the High Court heard today.

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