1MDB board was unaware of US$1b JV fund split – Ex 1MDB CEO

1MDB board was unaware of US$1b JV fund split – Ex 1MDB CEO

The Malaysian Reserve-News·2019-10-29 16:44

The High Court today was told that the 1Malaysia Development Berhad (1MDB) board of directors (BOD) was not informed about the decision to split the US$1 billion meant for 1MDB-PetroSaudi International Ltd (PSI) joint venture (JV) into US$300 million and US$700 million, with the bigger portion eventually going to Good Star Ltd.

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