| A tax haven company linked to a $450 million takeover bid involving central players in Malaysia’s 1MDB scandal has been quietly shut down, documents show. The Seychelles-registered company, PetroSaudi International (PSI), was used by Saudi businessman Tarek Obaid to buy Malaysian investment banking conglomerate UBG from its shareholders in 2010 in a transaction dubbed “Project Unicorn”.
One of the main beneficiaries of the deal was the Abu Dhabi-Kuwait-Malaysia Investment Corporation (ADKMIC), which owned more than half of UBG...............................................Full Article: Source
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