1MDB management met in London to discuss additional RM1b funds - witness

The High Court was told today that 1MDB’s board of directors held a meeting in London on May 16, 2011, to discuss the agreement regarding the additional RM1 billion 1MDB-PetroSaudi investment joint venture under the Murabaha financing scheme.

Former 1MDB company secretary, Goh Gaik Kim (above), 54, who was also present at the meeting, along with Che Lodin Wok Kamaruddin, Shahrol Azral Ibrahim Halmi, Ismee Ismail, Jasmine Loo Ai Swan and Ashvin Jethanand, said arrangements to hold the meeting at Hilton Hotel, London were made by the 1MDB management.