Financial Crime Financial Crime

PetroSaudi plans appeal of US warrant to seize 1MDB-linked funds held in UK

By Robert Thomason
  • 05 Nov 2021 14:24
  • 05 Nov 2021 14:24
PetroSaudi Oil Services said it will appeal a recent decision by a US federal judge to allow the US Justice Department to seek a warrant for $325 million linked to the 1MDB scandal. The funds are being held in escrow by the UK court system, which had adjudicated a dispute between PetroSaudi

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