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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.
Patrick Mahony, landlord of The Winchester Arms in Taunton, believes he is losing around £4,000 a month during the latest lockdown restrictions, after pouring away his beer and cider stockpiles.
Scenes similar to the climax of a complex fraud movie are playing out in London – and putting an embarrassing spotlight on the law firm Clyde & Co, now facing queries about why it has continued to represent the company PetroSaudi years after it became apparent that all its funds were stolen from 1MDB?
Sarawak Report has highlighted the PetroSaudi fraud ever since publishing its first story on the heist in February 2015. Earlier this month, according to the Guardian newspaper, the US Department of Justice re-confirmed the matter by suing PetroSaudi for the remaining $330 million (forced out of Venezuela thanks to a previous UK court judgement) – money awarded by the court in the first instance to their lawyers Clyde & Co, where it is now sitting in their escrow account.