Malaysia’s 1MBD Gets Go-Ahead to Pursue Abu Dhabi in U.K. Court - Bloomberg
Malaysia was given the go-ahead by a London judge to continue its pursuit against Abu Dhabi’s sovereign wealth fund for its role in the multi billion-dollar 1MDB scandal.
Malaysia’s government challenged a 2017 arbitration settlement between the two sides in the U.K., arguing that Abu Dhabi state-owned International Petroleum Investment Co. and Aabar Investments were aware of fraud allegations against former Prime Minister Najib Razak at the time the deal was struck.
Judge Andrew Baker on Thursday granted an extension of time for the claim to be properly served to bring this “unusual” case to a full trial.
“That is no doubt an exceptional length of extension to grant, but this is an exceptional case,” he said.
No comments:
Post a Comment