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PetroSaudi subsidiary seeks to amend court order over use of US$340 mil

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PetroSaudi Oil Services (Venezuela) Limited says it needs money to pay its debts. FMTNews 1MDB MACC

The government has obtained an interim order to restrain PetroSaudi from using US$340 million linked to 1MDB kept in a London law firm

Lawyer Alex Tan, appearing for PetroSaudi Oil Services Limited, told reporters this after the case was mentioned before High Court judge Mohd Nazlan Mohd Ghazali today. Besides the US$340 million, the government is seeking to bar the use of money kept in a bank account under the name Temple Fiduciary Services Limited. The amount was not stated.

 

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