The insolvent sovereign fund claims Patrick Mahony misled it into believing a Saudi King owned the oil company and that he assisted former prime minister Najib Razak in the misappropriation of state finances.
KUALA LUMPUR: 1Malaysia Development Berhad (1MDB) has filed a lawsuit against Patrick Mahoney, the chief investment officer of PetroSaudi Internationa.
1MDB sues PetroSaudi s Patrick Mahoney to recover US$1 83 bln theborneopost.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from theborneopost.com Daily Mail and Mail on Sunday newspapers.
KUALA LUMPUR: Datuk Seri Najib Tun Razak believed that the shell company, Blackstone Asia Real Estate Partners, that received millions in funds from 1Malaysia Development Berhad (1MDB) which subsequently flowed into his personal bank account, was either controlled or owned by the government of Saudi Arabia, the High Court heard yesterday.