PETALING JAYA: Former IGP Tan Sri Rahim Noor has urged the police’s commercial crime division to start investigations on the 1MDB dealings of September 2009 as these seem questionable.
He said 1MDB had signed a joint venture with PetroSaudi Holdings (Cayman) Ltd (PSI Cayman) only on Sept 28, 2009, and yet upon the signing, PSI Cayman, which did not inject any cash into the joint venture (1MDB Petro Saudi Ltd), was already asking it to repay US$700mil (RM2.56bil) for a loan taken on Sept 25. “How can that be? The agreement wasn’t even signed on Sept 25,” he said in an interview.
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