Kuala Lumpur: The High Court has set July 24 to hear applications by ex-Treasury secretary-general Irwan Serigar Abdullah and former 1MDB chief executive officer Arul Kanda Kandasamy to strike out a US$6.59 billion (RM30 billion) lawsuit filed by the company against them.
Lawyer Brendan Siva, who appeared for 1MDB, said judicial commissioner Raja Ahmad Mohzanuddin Shah Raja Mohzan, set the date during a case management held online today.“The court also ordered both defendants to file additional affidavits for their application to amend their statement of defence, before or on May 31, as well as additional submissions for the applications to strike out the suit, if any,” he said.
In May 2021, 1MDB filed a suit against Irwan and Arul Kanda over alleged breaches of trust and conspiracy, which it said had caused the company to suffer losses amounting to US$1.83 billion, in relation to its investment in 1MDB-Petrosaudi Ltd, which was allegedly converted into an investment into Brazen Sky Limited, and later into the Bridge Global Fund. 1MDB also claimed that the two defendants committed a breach of trust and conspiracy by misappropriating 1MDB money, amounting to US$3.
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