Ex-1MDB CEO claims PMO involved in negotiating IPIC guarantee deal

Hidir Reduan Abdul Rashid

Modified 3 Aug 2020, 10:55 am

1MDB TRIAL | Former 1MDB chief executive officer Shahrol Azral Ibrahim Halmi claimed that the Prime Minister's Office was involved in negotiating a guarantee by Abu Dhabi's International Petroleum Investment Company (IPIC) on 1MDB bonds arranged by Goldman Sachs in 2012.

Testifying in former prime minister Najib Abdul Razak's RM2.28 billion 1MDB graft trial, he said IPIC was to guarantee an RM1.75 billion bond which 1MDB raised in part to purchase power assets belonging to Genting Bhd's energy unit...

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