The scandal-ridden state fund 1Malaysia Development (1MDB) has dropped its $1 billion civil lawsuit against its former law firm Wong & Partners and the head of its corporate practice, Brian Chia, over losses suffered by the fund, media reports said.
According to the Malay Mail, 1MDB, represented by Chee Wee Partnership, withdrew its suit earlier this month. 1MDB had sued Wong & Partners, Baker McKenzie’s Malaysia member firm, and Chia for breach of contractual, statutory, common law and fiduciary duties, as well as dishonest assistance that led to misappropriation of funds from the group, the newspaper added.
In May, Malaysia’s Finance Ministry had confirmed that 22 lawsuits were filed by 1MDB and its former subsidiary SRC International, with the defendants including Wong & Partners and Chia.
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.
Tuesday, 09 Mar 2021 08:17 AM MYT
By Kenny Mah
BE Protein Smoothies’ chicken protein blend comes in two flavours: Mango Coconut and Yuzu Banana. Pictures courtesy of BE Protein Smoothies
Subscribe to our Telegram channel for the latest updates on news you need to know.
SINGAPORE, March 9 If you’re a regular gym goer, you might be familiar with the Chicken Breast Conundrum.
Briefly, many who are trying to build muscle would increase their lean protein intake. One of the most popular ways to do this is to eat chicken breast but that gets boring rather quickly.
Which is a problem BE Protein Smoothies hopes to remedy as the first company in Singapore to market meat-based smoothies. That’s right: chicken breast. in a bottle.