KUALA LUMPUR: PetroSaudi International Ltd (PSI) CEO Tarek Obaid ordered the transfer of 82mil Swiss francs (RM342mil) from PSI's account to his personal account, the High Court heard on Wednesday (Nov 6).
Tarek, a PSI co-founder, made the order after the company received a funds transfer of US$500mil (RM2.08bil) from 1Malaysia Development Bhd (1MDB).
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