Malaysia's scandal-hit state fund 1Malaysia Development Berhad (1MDB) has filed a lawsuit against a top PetroSaudi International executive seeking the return of $1.83 billion invested in a joint venture, state news agency Bernama reported on Thursday.
The insolvent sovereign fund claims Patrick Mahony misled it into believing a Saudi King owned the oil company and that he assisted former prime minister Najib Razak in the misappropriation of state finances.
Malaysia's 1MDB sues Petrosaudi executive for US$1.83 billion businesstimes.com.sg - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from businesstimes.com.sg Daily Mail and Mail on Sunday newspapers.
Malaysia's 1MDB Sues Petrosaudi Executive for $1.83 Billion bnnbloomberg.ca - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bnnbloomberg.ca Daily Mail and Mail on Sunday newspapers.