Malaysia s scandal-hit state fund 1Malaysia Development Berhad has filed a lawsuit against a top PetroSaudi International executive seeking the return of $1.83 billion invested in a joint. -May 23, 2024 at 08:52 am EDT
- MarketScreener
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.
Malaysian sovereign wealth fund 1MBD has filed a lawsuit for $1.83 billion against the CEO of PetroSaudi International over what it claims was a sham oil exploration joint venture.
KUALA LUMPUR: A former 1Malaysia Development Bhd (1MDB) general counsel told the High Court that her knowledge of PetroSaudi International (PSI) Ltd, a company with which 1MDB had entered into a joint venture (JV), came from documents.
KUALA LUMPUR: A witness in Datuk Seri Najib Razak's 1Malaysia Development Bhd (1MDB) trial has told the High Court that her knowledge about PetroSaudi International (PSI) Ltd was only based on documents.