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Singapore fines Goldman Sachs US$122mil over 1MDB corruption scandal
SINGAPORE, Oct 23 (The Straits Times/ANN): Goldman Sachs Singapore will pay US$122 million (S$165 million) to the Singapore Government for its role in the 1Malaysia Development Berhad (1MDB) bond offerings corruption scandal.
US seeks to recover US$300mil more in 1MDB assets held in Britain
WASHINGTON: The U.S. Department of Justice is seeking to recover $300 million in additional assets allegedly associated with the multibillion-dollar 1MDB scandal, assets it has traced to an escrow account in the United Kingdom, the agency said on Wednesday.
Judge’s interim order hits a snag in UK court
KUALA LUMPUR: A Malaysian High Court order to restrain any dealings of monies amounting to over US$340mil belonging to PetroSaudi International Ltd (PSI) and its subsidiary has met with some problems in the United Kingdom.
UK has problems registering Malaysian court order over PSI’S RM1.4b link to 1MDB funds
KUALA LUMPUR (Bernama): The High Court has been told that there was difficulty in trying to register the court’s interim order to restrain any dealings of monies amounting to US$340,258,246.87 (RM1.4bil) belonging to PetroSaudi International Ltd (PSI) and its subsidiary in a United Kingdom (UK) court.
Court allows PetroSaudi access to over US$1.3mil
KUALA LUMPUR: The High Court has allowed an application by PetroSaudi Oil Services (Venezuela) Ltd (PSOS-VZ) to access US$1.357mil (RM5.66mil) out of US$340.26mil (RM1.42bil) in its application to amend an interim order that prohibited it from moving the millions to other entities.
Court allows PetroSaudi application to access RM5.67mil of blocked funds
KUALA LUMPUR: The High Court has allowed an application by PetroSaudi Oil Services (Venezuela) Ltd (PSOS-VZ) to access US$1.357mil (RM5.67mil) out of US$340.26mil (RM1.42bil) in its application to amend an interim order that prohibited it from moving the millions to other entities.
High Court to hear PSI subsidiary's application to move frozen assets linked to 1MDB
KUALA LUMPUR: The High Court here has fixed Aug 19 to hear an application by PetroSaudi Oil Services (Venezuela) Ltd (PSOS-VZ) which seeks to amend an interim court order that prohibits them from moving more than US$340mil (RM1.425bil) from the company’s account overseas.
PetroSaudi, Tarek Obaid apply to amend interim order obtained by govt to block 1MDB-linked funds worth RM1.44bil
KUALA LUMPUR (Bernama): PetroSaudi International Ltd (PSI) and its director, Tarek Obaid, are seeking to amend an interim order obtained by the government to prohibit them from moving over US$340mil (RM1.44bil), that is linked to 1Malaysia Development Berhad (1MDB) and kept in a client’s account at a UK law firm, to other entities.
Access to monies blocked
KUALA LUMPUR: The High Court here has allowed the government’s application for an interim order to block PetroSaudi International Ltd (PSI) and its director Tarek Obaid from moving over US$340mil (RM1.45bil) that is linked to 1Malaysia Development Berhad (1MDB) to other entities.
Govt gets interim order to prohibit Petrosaudi from moving US$340mil linked to 1MDB
KUALA LUMPUR (Bernama): The High Court here Thursday (July 16) allowed the government’s application for an interim order to block PetroSaudi International Ltd (PSI) and its director Tarek Obaid from moving more than US$340mil (RM1.4bil) linked to 1Malaysia Development Bhd (1MDB) and kept in a client’s account at a United Kingdom’s law firm to other entities.
