Financial Crime Financial Crime

PetroSaudi fights for license to pay creditors with cash linked to 1MDB corruption scandal

By Martin Coyle
  • 18 Nov 2021 10:31
  • 18 Nov 2021 10:31
PetroSaudi Oil Services, which is at the center of a corruption scandal, has won more time to persuade a London court to be allowed to keep paying debts from a $325 million fund that US judges recently ruled can be targeted for seizure by prosecutors.
In October a California court ruled

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Martin Coyle

Senior Correspondent


Martin Coyle is a senior correspondent, based in MLex's London office, reporting daily on bribery and corruption issues in the UK and Europe. Previously he was a senior editor at Thomson Reuters where he covered anti-money laundering, financial crime and regulatory enforcement issues. Prior to that he was editor of The Accountant, the world's oldest accounting publication, and International Accounting Bulletin, a bi-monthly business journal owned by Lafferty.

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