Despite 1MDB’s terrible track record in joint venture agreements – remember the 1MDB-Petro Saudi joint venture – the company dived headfirst into another joint venture agreement with Aabar BVI. Patrick Teoh presents for the Malaysian Insight.
Not only did 1MDB agree to be a joint venture partner, it did so knowing that it was heavily in debt and would have a hard time raising the $3bn that was required.
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