Financial Crime Financial Crime

PetroSaudi rebuffed in claim against UK police agency over 'corrupt' millions

By Martin Coyle
  • 02 Dec 2020 10:01
  • 02 Dec 2020 10:24
PetroSaudi, which has been linked to suspected corruption and money laundering involving Malaysia’s 1MDB sovereign wealth fund, has been blocked in an attempt to claw back legal fees from the UK’s National Crime Agency.

In a ruling at London’s High Court today, Judge Richard Snowden dismissed the Saudi Arabian oil company’s bi

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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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