PetroSaudi International

Datuk Seri Najib Tun Razak is accountable for his actions as PM, Minister of Finance and Chairman of 1MDB Advisory Board.

A bank officer told the High Court that the bank she worked for found no sanctions against the US$10 million transfer from 1MDB to Petrosaudi International Ltd (PSI) in May 2011.

"Husni, I don't want you to get involved and interfere about (sic) 1MDB". That was what Najib Razak told former Second Finance Minister Ahmad Husni Hanadzlah.

The court heard that the US$1.58 billion was used for unspecified "foreign investments".

Judicial Commissioner (JC) Quay Chew Soon allowed the 1MDB's application for leave to serve the writ out of jurisdiction against them.

1Malaysia Development Berhad (1MDB) has filed an application for permission to issue and serve the writ of summons filed by the company against six parties, including two overseas banking firms.

The High Court was told that there was difficulty to register the courts interim order involving PetroSaudi International Ltd and its subsidiary in the United Kingdom (UK) court.

The High Court hearing Datuk Seri Najib Tun Razaks 1MDB case was today told that PetroSaudi International was called a 'Pain in the A"(ass) or PITA.

Former Petrosaudi International employee, Andre Xavier Justo is expected to board a flight to his home country, Switzerland later tonight.

His lawyer Worasit Piriyawiboon who disclosed Justo's impending release from prison, says his client met the condition for a royal pardon as he had less than one year of prison term.

Xavier Andre Justo gave his fullest cooperation during a 90-minute interview with a three-man Malaysian police team at the Bangkok Remand Prison here.

Justo withdrew his appeal against his three-year jail sentence for blackmailing his former employer PetroSaudi International.

1MDB today reiterated that the key objective of its US$1 billion equity investment in PetroSaudi International (PSI) was to obtain a 40 per cent equity stake, which was achieved.

Among the reasons for the appeal was that Justo did not tamper with the documents he obtained from PetroSaudi International and that it was his first offence.

The Royal Malaysian Police have confirmed not receiving any report relating to misappropriation by PetroSaudi International in the country to enable investigations to be conducted.

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