KUALA LUMPUR: 1Malaysia Development Bhd (1MDB) is suing Patrick Mahony of PetroSaudi International Ltd (PSI) and a law firm in Britain for US$1.83bil (RM8.61bil) for alleged dishonest assistance in an investment it partook in.
KUALA LUMPUR: 1Malaysia Development Berhad (1MDB) has filed a lawsuit against Patrick Mahoney, the chief investment officer of PetroSaudi Internationa.
1MDB sues PetroSaudi's Patrick Mahoney to recover US$1.83 bln theborneopost.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from theborneopost.com Daily Mail and Mail on Sunday newspapers.
KUALA LUMPUR, April 1 Former prime minister Datuk Seri Najib Razak had in September 2009 told the 1Malaysia Development Board (1MDB) board of directors to approve a new joint venture that would eventually see the company pump in US$1 billion (RM4.2 billion), and wanted it to be signed within.
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.