KUALA LUMPUR: 1Malaysia Development Berhad (1MDB) and its four subsidiaries on Wednesday (June 7) obtained permission from the High Court here to proceed with a US$2.795bil (RM12.8bil) lawsuit against an associate of fugitive businessman Low Taek Jho or Jho Low, namely Eric Tan Kim Loong, who was declared bankrupt.
Lawyer Siva Kumar Kanagasabai, who represents 1MDB said, Senior Assistant Registrar Haneefa Ariffin allowed the application of 1MDB, 1MDB Energy Holdings Limited, 1MDB Energy Limited, 1MDB Energy (Langat) Limited and Global Diversified Investment Company Ltd, formerly known as 1MDB Global Investments Limited as applicants at the proceedings of the case today.
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