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Malaysia's 1MDB sues PetroSaudi exec, White & Case

BY Reuters |

Malaysia's scandal-hit state fund 1Malaysia Development Berhad (1MDB) has filed a lawsuit against a top PetroSaudi International executive seeking the return of $1.83 billion invested in a joint venture, state news agency Bernama reported on Thursday.
U.S. prosecutors cast doubt on ex-Goldman banker's wife testimony at 1MDB trial

BY Reuters |

U.S. prosecutors on Tuesday sought to cast doubt on the testimony of the wife of a former Goldman Sachs banker, who is on trial over allegations he helped loot Malaysia's 1MDB sovereign wealth fund.
Malaysia: 1MDB drops $1 bln lawsuit against Bakers, corporate head

BY Aparna Sai |

The scandal-ridden state fund 1Malaysia Development (1MDB) has dropped its $1 billion civil lawsuit against its former law firm Wong & Partners and the head of its corporate practice, Brian Chia, over losses suffered by the fund, media reports said.
Shearn representing Malaysia, 1MDB on $5.6 bln lawsuit against KPMG partners

BY Asian Legal Business《亚洲法律杂志》, Reuters |

Shearn Delamore is representing Malaysia's government and state fund 1Malaysia Development Berhad (1MDB) in a lawsuit seeking over $5.6 billion in damages from KPMG partners for alleged breaches and negligence linked to a corruption scandal at the fund.
U.S. lays claim on $330 mln of alleged 1MDB assets held by Clyde & Co: reports

BY Aparna Sai |

The U.S. Department of Justice (DOJ) has filed civil forfeiture proceedings against $330 million of assets held in escrow by Clyde & Co that the former says are related to the multibillion-dollar scandal surrounding Malaysian state fund 1Malaysia Development Berhad (1MDB).
Malaysia files charges, issues arrest warrant for British aide to ex-PM Najib

BY Reuters |

Malaysian authorities have filed money laundering charges against a British national who had worked for ex-prime minister Najib Razak as a media adviser, a prosecutor said on Thursday.
Strong Trump flavour as Low lawyers up for 1MDB probe

BY Aparna Sai |

Fugitive Malaysian businessman Jho Low, one of the main accused in the 1MDB scandal, has reportedly picked former New Jersey governor Chris Christie and U.S. law firm Kasowitz Benson Torres among the lawyers to represent him.
Malaysia’s Joseph representing 1MDB in application to sell superyacht

BY Aparna Sai |

Malaysian law firm Joseph & Partners is representing four plaintiffs in an application before Admiralty Court in Kuala Lumpur to sell the superyacht Equanimity, owned by businessman Jho Low, as part of efforts to recover assets related to the tainted state fund 1MDB.
Malaysia’s Najib lining up team of U.S. legal heavy-hitters: local media

BY Aparna Sai |

Najib Razak, the former prime minister of Malaysia, is reportedly instructing a number of high-profile U.S. lawyers as investigations into his alleged involvement in the 1Malaysia Development Bhd (1MDB) scandal intensify, including the law firm helmed by former U.S. Attorney-General John Ashcroft.
Malaysia: Law firm representing 1MDB backs out as investigation intensifies

BY Aparna Sai |

1Malaysia Development Berhad (1MDB), the state fund at the heart of the corruption allegations against former prime minister Najib Razak, no longer has legal representation after its law firm relieved itself from acting for the company.