KOTA KINABALU: Malaysia is taking all necessary measures to stop the self-claimed Sulu descendants' continuous attempts to seize Malaysian properties following the controversial US$14bil (RM63bil) award by arbitrator Gonzalez Stampa, says Datuk Seri Azalina Othman Said.
MALAYSIA has a strong case to contest the whopping US$14.92 billion final award handed down by arbitrator Dr Gonzalo Stampa to the heirs of Sulu Sultan Mohamet Jamal Al Alam, but it will be a difficult and costly process, according to a former senior arbitrator. Asian International Arbitration Centre (AIAC) director Datuk Professor N Sundra Rajoo says the main grounds of contention include the manner in which Stampa had shifted the arbitration process as well as the exorbitant sum awarded.
Mara, an agency under the Federal Rural Development Ministry, is closely watching the situation following the seizure of two Petronas subsidiaries' assets reportedly worth more than US$2 billion by heirs of the last Sulu sultan