KUALA Lumpur High Court today heard that two shell companies supposedly siphoned some US$1.83 billion (RM5.5 billion) from scandal-hit 1Malaysia Development Berhad (1MDB) between 2009 and 2011 were dissolved almost four years after receiving the funds.
Taking the stand today, Labuan Financial Service Authority legal policy adviser Mohamed Fairudz Hanif, told the court that – based on information obtained from Seychelles Financial Service Authority (Seychelles FSA), Good Star Limited was dissolved on May 2, 2014, while PetroSaudi International Ltd (PSI) was dissolved on April 8, 2015.
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