Monday, June 29, 2015

1MDB: A Letter From Royal Embassy of Saudi Arabia

1MDB did its due diligence and sought for and obtained additional  comfort documents supporting the financial strength of PetroSaudi International (PSI) and their capacity to repay their Murabaha loan. 

The following documents are May 2010 letters from Saudi Arabia embassy in KL strongly supporting PSI and welcoming the JV as improving bilateral ties. 

The other document is a letter from PSI's bank confirming their financial strength and length of banking relationship. 

This letter also reconfirmed the ownership of PSI specifically stating the son of King Abdullah, Prince Turki is one of the owners.



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