It was on the 269ft luxury yacht Alfa Nero in the south of France on Aug 28, 2009 that Najib and his wife Rosmah Mansor first met the shareholders of PetroSaudi International Prince Turki and Tarek Obaid with Jho Low. Also on board were Najib’s son Norashman and daughter Nooryana Najwa. Exactly one month later on Sept 28, 1MDB signed a US$1.0 billion JV with PetroSaudi. It was the start of 1MDB’s multi-billion ringgit scandal that will be a major liability to Malaysia’s finances for years to come.

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