Tuesday, August 25, 2026

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. Read full story

Source : https://www.thestar.com.my/news/nation/2022/09/21/no-1mdb-funds-used-in-psi-oil-exploration-project-says-lawyer

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