Bailiffs seize Petronas subsidiaries as Sulu sultanate heirs press claims
Two Petronas subsidiaries in Azerbaijan have been seized by bailiffs, according to a report in the Financial Times. – The Malaysian Insight file pic, July 12, 2022.
BAILIFFS in Azerbaijan have seized two Luxembourg-registered Petronas subsidiaries in an ongoing dispute between heirs of the Sulu sultanate and the government of Malaysia. According to a report in the Financial Times, bailiffs took over the offices of Petronas Azerbaijan and Petronas South Caucasus – with estimated net worth of nearly RM9 billion – as part of an ongoing dispute between the heirs and the government.
Effective July 2018, access to full reports will only be available with a subscription. Sign-up now and enjoy one week free access!
Malaysia Latest News, Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Report: Sulu sultanate heirs seize Petronas assets worth US$2bLawyers say bailiffs in Luxembourg seized the holding companies on their behalf.
Read more »
Report: Sulu sultanate heirs seize Petronas assets worth US$2bDescendants of the last Sulu sultan, Sultan Jamalul Kiram II, are claiming the astronomical sum from Malaysia following an arbitration process. theSun thesundaily Sulusultanate Petronas Malaysia
Read more »
Local comedians press authorities to reopen Crackhouse Comedy Club | The Malaysian InsightAct of sealing, suspending club’s operating licence without prior notice highly unfair, they say.
Read more »
Report: Johor losing employees to Singapore dollarBusinesses in Johor are losing employees to Singapore, lured by the republic’s high exchange rate theSun theSundaily business foreign jobseeker Malaysia Singapore
Read more »
85 Malaysians in Sri Lanka reported safe | The Malaysian InsightSaifuddin says the foreign ministry is prepared to evacuate them if the situation there worsens.
Read more »
Virandeep first Malaysian to create history in international cricket | The Malaysian InsightVirandeep first Malaysian to create history in international cricket
Read more »