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Page 3 - Datuk Abdul Razak Musa News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Govt seeking to strike out suit over Agong s refusal to call for emergency last year

Govt seeks to quash suit over King s refusal for emergency last October

PSOSL seeks extension to negotiate with Malaysia over US$340m forfeiture as Feb 4 deadline looms

KUALA LUMPUR (Dec 14): PetroSaudi International Ltd (PSI) subsidiary PetroSaudi Oil Services (Venezuela) Ltd (incorporated in Barbados) (PSOSL) said it is in what could be the final round of negotiations with the Malaysian government in relation to the latter s bid to forfeit US$340 million of 1Malaysia Development Bhd (1MDB) funds from the company. Following this, PSOSL counsel Alex Tan told the High Court that they need some more time for discussions. This led to Justice Mohd Nazlan Mohd Ghazali to ask whether there had been significant development to the matter, to which Tan replied that there was correspondence with the Attorney-General s Chambers last week.

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