KUALA LUMPUR - French bailiffs attempted to enforce a seizure order on three Paris properties owned by the Malaysian government in a case linked to a US$15 billion court award to descendants of a former sultan, according to the heirs’ lawyers and court documents seen by Reuters.
The Paris properties are only the third set of Malaysian assets that the heirs have publicly acknowledged going after. They have secured a seizure order for Luxembourg units of state oil firm Petronas and have sought permission from a Dutch court to seize assets in the Netherlands. Unlike the embassy, they bore no official signage and were not subject to French tax exemptions, the judge said.
Reuters could not establish if the bailiffs attempted to enter all three properties subject to the seizure order. The Malaysian government and the French court, the Tribunal Judiciaire de Paris, did not immediately respond to requests for comment.