The Royal Malaysian Police (PDRM) has issued a statement on social media saying that they are not investigating PetroSaudi International Limited, the former strategic partner of scandal-ridden sovereign fund 1Malaysia Development Berhad (1MDB).
In a post to its official Facebook page, the PDRM uploaded an image of its media statement:
The statement reads:
Following enquiries from various quarters, this is to confirm that the Royal Malaysian Police (PDRM) has not received any police reports regarding acts of embezzlement by PetroSaudi in Malaysia that would allow the PDRM to conduct investigations on the company.
With respect to this statement, any speculation on the matter is to stop immediately.
PetroSaudi was implicated in a report published in The Edge on Juky 20, which alleged that the company’s bosses, in tandem with local billionaire Jho Low, effectively stole USD1.83 billion (RM6.9 billion) from 1MDB’s coffers from 2009 to 2011.
Leaked information on the matter was obtained by The Edge from former PetroSaudi executive Xavier Andre Justo, who has been sentenced to three years in prison by a Thai court, for blackmailing his former company with damning information showing malfeasance.
The Edge has admitted that it offered Justo USD2 million for the information, but said that it did not in fact pay him.
The Edge Media Group was served by the Home Ministry with a three-month suspension of its printing license for The Edge Financial Daily and The Edge Weekly, with the Justo information leak story being the straw that broke the camel’s back.
