1MDB and GOOD STAR

1. It is not in dispute that sometime in 2009 1MDB paid RM4.2 billion to a company called Good Star.

2. The money was to be paid to a Joint-Venture Company (JV Co) for the purchase of its equities.

3. JV Co asked that the money be paid to PetroSaudi as repayment of loan from PetroSaudi.

4. The money was eventually paid to Good Star.

5. It is now become a dispute as to who was the owner of Good Star, PetroSaudi or some other stranger?

6. If it was some other stranger, then theft had taken place. RM4.2 billion became crime money. The movement of this money would give rise to money laundering.