Report: 1MDB drops US$1b lawsuit against law firm Wong & Partners, lawyer | Malaysia malaymail.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from malaymail.com Daily Mail and Mail on Sunday newspapers.
Legal firm Wong & Partners said it is "very disappointed" by the decision of 1Malaysia Development Bhd to file a civil suit against the firm for what it claimed is advisory work in relation to 1MDB.
Wednesday, 12 May 2021 06:09 PM MYT
BY IDA LIM
File picture shows Senior Deputy Public Prosecutor Datuk Seri Gopal Sri Ram leaving the Kuala Lumpur High Court Complex February 18, 2021. Picture by Yusof Mat Isa
Subscribe to our Telegram channel for the latest updates on news you need to know.
KUALA LUMPUR, May 12 Former judge-turned-lawyer Datuk Seri Gopal Sri Ram has reportedly said that there is no conflict of interest when it comes to him acting for law firm Wong & Partners and its partner Brian Chia Hock Gee in defending them against a civil lawsuit where 1Malaysia Development Berhad (1MDB) is claiming US$1 billion.
KUALA LUMPUR (May 10): 1Malaysia Development Bhd (1MDB) has filed a total of six separate suits, including against foreign banks Deutsche Bank, JP Morgan and Coutts & Co.
Also sued are individuals including former prime minister Datuk Seri Najib Razak, former Treasury secretary-general Tan Sri Mohd Irwan Serigar, as well as former 1MDB chief executive officers (CEOs) Datuk Shahrol Ibrahim Halmi and Arul Kanda Kandasamy, among others.
One of the six suits filed is against Deutsche Bank (Malaysia) Ltd, Coutts & Co Ltd, JP Morgan (Switzerland) Ltd and two PetroSaudi companies for alleged negligence, breach of contract, conspiracy to defraud the company and dishonest assistance to defraud to the total amount of US$4.923 billion (about RM20.22 billion).
PETALING JAYA: Three law firms filed a total of 21 suits on behalf of 1Malaysia Development Bhd (1MDB) and its subsidiary SRC International Sdn Bhd as the two entities seek to regain over US$23bil (RM94.5bil) in funds from entities who allegedly siphoned it from them.
The suits were filed by Rosli Dahlan Saravana Partnership, Skrine & Co and Lim Chee Wee Partnership on Friday (May 7) at the Kuala Lumpur High Court and the Shah Alam Sessions Court.
Among the plaintiffs in the suits include 1MDB subsidiaries such as 1MDB Energy Holdings Ltd, 1MDB Energy Ltd, 1MDB Energy (Langat) Ltd and Global Diversified Investment Company Ltd, formerly known as 1MDB Global Investments Ltd.