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No 1MDB funds used in PSI oil exploration project, says lawyer

KUALA LUMPUR: The High Court was told that no funds from 1Malaysia Development Berhad (1MDB) were used in an oil exploration project between Petrosaudi International Ltd (PSI) with the Venezuelan government, and that none of it ever flowed into the escrow account held by United Kingdom law firm, Clyde & Co LLP. ....

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Petrosaudi project in Venezuela impossible without 1MDB funds, court hears

KUALA LUMPUR: The High Court here was told that it was not possible for Petrosaudi Oil Services (Venezuela) Limited (PSOS-VZ) to pursue an oil exploration project with the Venezuelan government without the transfer authorisation of US$185mil from 1Malaysia Development Berhad (1MDB) funds by its parent company, Petrosaudi International Ltd (PSI). ....

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'Unnamed' account received millions from 1MDB, High Court heard

KUALA LUMPUR: The High Court was told that 1Malaysia Development Bhd (1MDB) had instructed for AmBank to remove oil and gas company PetroSaudi International Ltd (PSI) as the recipient of two transactions amounting to US$95mil (RM289.8mil) in 2011. ....

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Najib: None of my children were offered jobs at Goldman Sachs

PETALING JAYA: None of Datuk Seri Najib Razak's children have ever worked or been offered jobs at Goldman Sachs, says the former premier. ....

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Tarek Obaid had control when US$120mil in 1MDB funds transferred into escrow account, court hears

KUALA LUMPUR: The High Court was told that Petrosaudi International Ltd (PSI) director Tarek Obaid had absolute control over the company's accounts and have purportedly caused some US$120mil from 1Malaysia Development Berhad (1MDB) and PSI joint venture company to be transferred into an escrow account. ....

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