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Former Malaysia Deputy PM Ismail Sabri poised to clinch premiership

KUALA LUMPUR (Reuters) -Former Malaysian Deputy Prime Minister Ismail Sabri Yaakob moved closer on Thursday to forming the next government after securing a parliamentary majority from the same coalition that collapsed earlier this week. Muhyiddin Yassin resigned https://www.reuters.com/world/asia-pacific/malaysian-pm-expected-resign-after-months-political-turmoil-2021-08-16 as prime minister on Monday after conceding he had lost support from his alliance, bringing to an end a fraught 17 months i...
Kuala Lumpur Christian Schmollinger Mei Chu Liz Lee Ismail Sabri Yaakob Muhyiddin Yassin

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PetroSaudi Unit Says US Still Can't Seize $380M Award

Law360 ADVERTISEMENT PetroSaudi Unit Says US Still Cant Seize $380M Award Law360 (August 4, 2021, 8:03 PM EDT) -- A PetroSaudi unit is urging a California judge to dismiss for good the U.S. governments attempt to seize a nearly $380 million arbitral award it claims is tied to embezzled 1Malaysia Development Berhad funds, arguing that prosecutors still cant connect the award to the scandal. PetroSaudi Oil Services (Venezuela) Ltd. argued in a brief to U.S. District Judge Dale S. Fischer on Tues...
United States Dales Fischer Petrosaudi Oil Services Venezuela Ltd Malaysia Development Berhad Development Berhad Saudi Oil Services
Source: law360.com

British Ex-adviser To Malaysia's Najib Has Graft Charges Dropped

British Ex-adviser To Malaysias Najib Has Graft Charges Dropped 07/30/21 AT 3:26 AM A controversial British former media adviser to Malaysian ex-leader Najib Razak has had money-laundering charges dropped after agreeing to pay $1.7 million to scandal-hit sovereign wealth fund 1MDB, officials said Friday. Paul Stadlen is believed to have left the country shortly after his boss, former prime minister Najib, suffered a shock election defeat in 2018. Najib and many of his confidants faced corruptio...
United Kingdom Najib Razak Hafarizam Harun Paul Stadlen Malaysia Development Berhad Development Berhad

British former adviser to Malaysia's Najib has graft charges dropped

British former adviser to Malaysias Najib has graft charges dropped Toggle share menu Advertisement British former adviser to Malaysias Najib has graft charges dropped Billions of dollars were looted from sovereign wealth fund 1MDB in a fraud that spanned the globe AFP/Mohd RASFAN 30 Jul 2021 04:22PM Share this content Bookmark KUALA LUMPUR: A former media adviser to former Malaysia prime minister Najib Razak has had money laundering charges dropped after agreein...
Kuala Lumpur United Kingdom Najib Razak Hafarizam Harun Paul Stadlen Malaysia Development Berhad

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