KUALA LUMPUR: Datuk Seri Najib Razak believed that millions of funds he received from Blackstone Asia Real Estate Partners Ltd (Blackstone) was owned by King Abdullah Abdulaziz Al Saud of Saudi Arabia.

It was revealed that Blackstone was a shell company set up by fugitive businessman Low Taek Jho or Jho Low intentionally to resemble a private equity real estate firm Blackstone Real Est to siphon off millions of 1Malaysia Development Bhd (1MDB) funds.