#petrosaudi international

Court extends PetroSaudi International's RM340m ban for 3 months

Court extends PetroSaudi International's RM340m ban for 3 months

Judge says the court will allow the prosecution time to wrap up its case.
1MDB board did not approve US$700m transfer to Good Star: Witness

1MDB board did not approve US$700m transfer to Good Star: Witness

1MDB TRIAL | The money was supposed to be part of joint venture with PSI.
Govt wins bid to block PSI from using US$340m in 1MDB-linked funds

Govt wins bid to block PSI from using US$340m in 1MDB-linked funds

Court is satisfied that there is sufficient evidence to allow the application.
Court sets Dec 11 for govt's bid to prevent PSI from using 1MDB funds

Court sets Dec 11 for govt's bid to prevent PSI from using 1MDB funds

The funds are being held by a law firm via a client's account.
Najib to seek Swiss court's 1MDB ruling against two PSI execs

Najib to seek Swiss court's 1MDB ruling against two PSI execs

1MDB TRIAL | Ex-PM's legal team to strengthen defence against RM2.27b abuse of power, money laundering case.
Justice prevails in Petrosaudi duo conviction, says 1MDB whistleblower

Justice prevails in Petrosaudi duo conviction, says 1MDB whistleblower

For 10 long years, we fought tirelessly, says Justo.
Lawyer: No 1MDB funds in UK-based escrow account

Lawyer: No 1MDB funds in UK-based escrow account

'Prosecution failed to show evidence of money laundering.'
US$185m 1MDB funds laundered on oil venture in Venezuela - prosecution

US$185m 1MDB funds laundered on oil venture in Venezuela - prosecution

Venture is between an entity linked to Petrosaudi International and Venezuelan govt.

My impression was Najib wanted 1MDB-PSI deal done: Ex-board member

My impression was Najib wanted 1MDB-PSI deal done: Ex-board member

Defence contends Najib never instructed 1MDB board to proceed with JV. 
New judge for 1MDB-linked US$340m suit against Petrosaudi

New judge for 1MDB-linked US$340m suit against Petrosaudi

KL High Court judge Ahmad Shahrir Mohd Salleh will be presiding over the suit.

Court postpones 1MDB-linked forfeiture suit against Petrosaudi

Court postpones 1MDB-linked forfeiture suit against Petrosaudi

Hearing vacated due to extension of conditional MCO in the Klang Valley.

Forfeiture suit hearing against PetroSaudi postponed to Nov 10

Forfeiture suit hearing against PetroSaudi postponed to Nov 10

This is due to 'new development where parties need to review their respective position and take instruction'.

PetroSaudi CEO loses appeal to dismiss US DOJ suit

PetroSaudi CEO loses appeal to dismiss US DOJ suit

Tarek Obaid is a key figure in the botched 1MDB-PSI joint venture.

High Court allows PSI's subsidiary's request for release of US$1.357m

High Court allows PSI's subsidiary's request for release of US$1.357m

The money is to be used for the payment of business expenses and legal fees.

Court temporarily bars Tarek Obaid, PetroSaudi from using 1MDB-linked funds

Court temporarily bars Tarek Obaid, PetroSaudi from using 1MDB-linked funds

UPDATED 3.10PM | The bar is in force until the court hears the main asset forfeiture application on Aug 28.

Govt files forfeiture suit against 1MDB's ex-JV partner PetroSaudi

Govt files forfeiture suit against 1MDB's ex-JV partner PetroSaudi

The move is to prohibit Petrosaudi and its director Tarek Obaid from using a US$340 million fund owned by 1MDB.

1MDB board was unaware of US1b JV fund split - Ex-1MDB CEO

1MDB board was unaware of US1b JV fund split - Ex-1MDB CEO

He says consent was not obtained due to time constraints and the 'need to get things done'.

Najib agreed to 1MDB borrowing RM3b from Socso to lend to PetroSaudi

Najib agreed to 1MDB borrowing RM3b from Socso to lend to PetroSaudi

Najib agreed to 1MDB lending US$750 million to PSI, subject to 1MDB getting the loan from Socso.

Ex-CEO: Najib spoke on Jho Low's phone to doubtful 1MDB chair

Ex-CEO: Najib spoke on Jho Low's phone to doubtful 1MDB chair

UPDATED 3.47PM | NAJIB TRIAL | The PSI joint-venture would eventually see at least US$1.83b of 1MDB funds misappropriated.