1MDB’s Dubious Middle Eastern Connectio…

In 2009, Jho Low Taek, the then 27-year-old investment wunderkind who persuaded Prime Minister Najib Tun Razak to establish the now-struggling 1Malaysia Development Bhd, also persuaded the fund to loan US$1 billion to help finance an oil exploration firm called PetroSaudi International Ltd, which was to put up US$1.5 billion with the stated aim of searching for oil in the Caspian Sea area.

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