1MDB requests permission to serve writ of summons to 6 parties overseas
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Title : 1MDB requests permission to serve writ of summons to 6 parties overseas
Category : Malaysians
1Malaysia Development Berhad (1MDB) has filed an application for permission to issue and serve the writ of summons filed by the company against six parties, including two overseas banking firms.The six parties are banking companies Coutts & Co Ltd and JP Morgan (Switzerland) Ltd; two companies incorporated in Saudi Arabia namely Petrosaudi International Limited and Petrosaudi Holdings (Cayman) Limited, as well as two individuals, namely Tarik Isam Ahmed Obaid of Saudi Arabia and British citizen Patrick Andrew Marc Mahony.All the parties are the second to seventh defendants in the suit filed by 1MDB worth US$1.83 billion (RM7.6 billion), among others for alleged breach of contract, negligence, and criminal conspiracy for the misappropriation of 1MDB funds.Based on copies of documents obtained by Bernama through the judicial system today, 1MDB as the plaintiff had filed the …
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