PETROSAUDI (PSI) CEO Tarek Obaid transferred about US$83 million (RM250 million) to a company controlled by fugitive financier Low Taek Jho, days after 1MDB put up US$500 million as part of a Murabaha financing agreement in September 2010, the high court heard today.
At Najib Razak’s criminal trial today, the prosecution’s 9th witness – former 1MDB CEO Shahrol Azral Ibrahim Halmi – verified documents that showed the US$83 million transfer came days after US$500 million arrived in PSI accounts, which 1MDB had staked for a Murabaha financing agreement with PSI.
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