Why was the gang willing to take over companies with inherited debts- petrosaudi with an ‘inherited debt’ of USD700 million (RM2.8 billion) and the energy assets with an inherited loan of RM6 billion).
All the money, our USD1 billion should be parked in the JVco account and the further spending therefrom authorised and supervised by the BOD of the JV. The Board was to include 3 and not 2 Malaysians. Casey Tang, Jho Low’s Trojan horse was positioned as a bod member of the JVco.
We were still cheated when we sent RM3.5 billion to a bogus company with similar name- Aabar BVI. The real Aabar said it did not receive the payment of USD3.5billion. But 1MDB said it send USD 3.5 billon somewhere. We lost another USD3.5 billion.