In the High Court today, it was revealed that Datuk Seri Najib Tun Razak believed that the investment company Blackstone Asia Real Estate Partners Ltd was owned or controlled by the late Saudi Arabian King, King Abdullah Abdul Aziz Al-Saud, and the Saudi Arabian government. Did Najib do any due diligence to check if that was true?
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Blackstone and the Saudis
This assertion came during the testimony of Malaysian Anti-Corruption Commission (MACC) Senior Officer Nur Aida Arifin, who agreed with Najib’s statement during questioning. The company was allegedly established by fugitive businessman Jho Low to resemble the legitimate Black stone Real Estate equity firm as part of the 1MDB scandal. Najib faces multiple charges related to corruption and money laundering in connection with 1MDB.
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