Negotiations still ongoing in govt’s bid to freeze US$340 million linked to 1MDB | The Malaysian Insight

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Negotiations still ongoing in govt’s bid to freeze US$340 million linked to 1MDB

THE government is still negotiating with several parties, including PetroSaudi International Limited and PetroSaudi Oil Services Limited , in its application to freeze over US$340 million of alleged 1Malaysia Development Bhd 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. Effective July 2018, access to full reports will only be available with a subscription. Sign-up now and enjoy one week free access!

 

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