1MDB unknowingly sent money to Good Star not once but twice. Patrick Teoh presents for the Malaysian Insight.
In 2009, the company sent Good Star $700m (RM2.9bn) and then in 2011, it transferred another $330m. That is more than US$1 billion into the wrong account.
Former 1MDB CEO Shahrol Halmi, however, maintained that he was under the impression that Good Star was a subsidiary of PetroSaudi. Hence he had no reason to be suspicious of anything.
(Visited 458 times, 3 visits today)
Thanks for dropping by! Apart from the views expressed in Aliran's media statements and the NGO statements we have endorsed, the opinions in other pieces published here do not necessarily reflect Aliran's official position.
Our voluntary writers work hard to keep these articles free for all to read. But we do need funds to support our struggle for Justice, Freedom and Solidarity. To maintain our editorial independence, we do not carry any advertisements; nor do we accept funding from dubious sources. If everyone reading this was to make a donation, our fundraising target for the year would be achieved within a week. So please consider making a donation to Persatuan Aliran Kesedaran Negara, CIMB Bank account number 8004240948.