1MDB TRIAL | Former 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.