PUTRAJAYA: Former 1Malaysia Development Berhad (1MDB) chairman Tan Sri Mohd Irwan Serigar Abdullah succeeded in his appeal to include three individual...
: Former 1Malaysia Development Berhad chairman Tan Sri Mohd Irwan Serigar Abdullah succeeded in his appeal to include three individuals as third parties in the US$6.59 billion lawsuit filed against him by 1MDB.
The three individuals are two former board members of 1MDB, Datuk Kamal Mohd Ali and Datuk Seri Norazman Ayob and former chief financial officer Azmi Tahir. Justice Nantha Balan said “In the light of these developments, it cannot be said that Tan Sri Mohd Irwan, who left 1MDB without any documents, was guilty of delay.”
On Sept 6, this year, Judicial Commissioner Datuk Raja Ahmad Mohzanuddin Shah Raja Mohzan granted the application of six individuals including Kamal, Norazman Ayob and Azmi Tahir, to strike out the third-party notice filed by Mohd Irwan after ruling that there was an inordinate delay by Mohd Irwan in initiating third-party proceedings.
In May 2021, 1MDB filed a lawsuit against Mohd Irwan and Arul Kanda, accusing them of breach of trust and conspiracy that resulted in US$1.83 billion in losses related to the company’s investment in 1MDB-Petrosaudi Ltd, which was later converted into the Brazen Sky Limited investment, said to be recoverable from the Bridge Global Fund.
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