KUALA LUMPUR, Nov 22 The suit filed by 1Malaysia Development Berhad (1MDB) against seven parties, including two foreign banks will be heard by a new judge. The matter was announced by a lawyer from Messrs Rosli Dahlan Saravana Partnership when contacted by reporters today after case management.
A key door has now slammed shut on the tenacious legal strategy on the part of PetroSaudi's Tarek Obaid to hang on to hundreds of millions stolen from 1MDB. That legal battle has cost a considerable chunk of the stolen money, however Obaid looks unlikely now to see any of it in his own bank accounts as he faces simultaneous criminal charges over his actions ...
KUALA LUMPUR (Bernama): 1Malaysia Development Berhad (1MDB) has obtained permission from the High Court here to serve its writ of summons against six parties, including two overseas banking firms.
The High Court on Thursday fixed Oct 15 to hear 1Malaysia Development Bhd's (1MDB) application to use substituted service to serve legal papers to PetroSaudi International Ltd, its chief executive officer (CEO) Tarek Obaid and its chief investment officer Patrick Mahony.