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 today. “I believe the parties are still in the midst of finding an alternative to resolve this matter ...
Source: thesundaily.my