1MDB-Petrosaudi deal 'a scam', says Pua

1MDB-Petrosaudi deal 'a scam', says Pua

DAP parliamentarian Tony Pua today blasted 1Malaysia Development Berhad (1MDB)'s RM 2.5 billion joint venture agreement with Petrosaudi Holdings, calling it a "scam".br br 1MDB allegedly entered into a joint venture agreement with Petrosaudi in 2009, investing US$1 billion into the deal.br br However, the joint venture already had a "pre-existing" debt, in the form of US$700 million loan Petrosaudi had taken from its parent company, Petrosaudi International.


User: KiniTV

Views: 8

Uploaded: 2015-08-07

Duration: 03:36

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