Parties in govt's bid to freeze 1MDB-related US$340 mln fund still negotiating a settlement
14 Dec 2020 / 14:07 H. KUALA LUMPUR: The government is still in the process of negotiating with several parties, including PetroSaudi International Limited (PSI) and PetroSaudi Oil Services (Venezuela) Limited (PSOS-VZ), in its application to freeze over US$340 million of alleged 1Malaysia Development Berhad (1MDB) funds kept in a client’s account at a UK law firm. Lawyer Alex Tan, appearing for PSOS-VZ informed Justice Mohd Nazlan Mohd Ghazali this during the case management proceeding toda...
Source: thesundaily.my