All this pizza hunger
Their Chairman got caught up with some shady business in 2016..
>Investigators are probing what they believe is a billion-dollar graft scandal at Malaysian state fund 1MDB.
What is the role of Abu Dhabi’s sovereign wealth executives?
>As investigators in at least five countries probe an alleged billion-dollar corruption scheme, Abu Dhabi has been largely silent about its association with the Malaysian state fund.
>'"Khadem al-Qubaisi''' , who previously ran IPIC, one of Abu Dhabi’s largest sovereign wealth funds, until last year was responsible for billions in investments for the ruling family of Abu Dhabi – including stakes in Barclays, Daimler and Glencore.
>He is also believed to have run a lucrative embezzlement and money-laundering racket which brought millions to his personal account, «The Wall Street Journal» reported. Former BSI private bankers have admitted running similarly lucrative side gigs in Singapore.
Personal Greed
>The official link between Abu Dhabi and 1MDB was for a $1 billion investment into Malaysian real estate, hospitality and energy via a bond guarantee in 2009. Funds put up by 1MDB as collateral against the guarantee never reached Abu Dhabi, landing instead in what is believed to be an British Virgin Island vehicle set up by Al-Qubaisi and Mohamed Badaway Al Husseiny, the former head of an IPIC subsidiary, Aabar…….