Najib not warned when inking deal with 'fake' Aabar, court told

Hidir Reduan Abdul Rashid

Modified 4 Aug 2020, 10:30 am

1MDB TRIALFormer prime minister Najib Abdul Razak was not alerted to any suspicion when he inked a shareholders' resolution on 1MDB's joint-venture with British Virgin Islands-based Aabar Investments PJS Ltd (Aabar BVI), the Kuala Lumpur High Court heard today.

Aabar BVI was set up to resemble Aabar Investments PJS, a subsidiary of Abu Dhabi's sovereign wealth fund, International Petroleum Investment Company (IPIC). In reality, Aabar BVI had nothing to do with the Abu Dhabi government.

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