KUALA LUMPUR: The High Court was told on Wednesday (Oct 30) that PetroSaudi International (PSI) CEO Tarek Obaid received a handsome US$85mil (RM356mil) in commission for the joint venture (JV) between PSI and 1Malaysia Development Bhd (1MDB).
The payment was channelled to Tarek's bank account from Good Star Ltd, a company that was initially said to be a subsidiary of PSI but later revealed to be owned by fugitive financier Low Taek Jho.
Already a subscriber? Log in.
Get 30% off with our ads free Premium Plan!
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!
