KUALA LUMPUR, July 26 — 1Malaysia Development Bhd has dropped its US$1 billion civil suit against law firm Wong & Partners and its partner Brian Chia Hock Gee over their advisory work in relation to 1MDB.
The sovereign investment firm withdrew its suit on July 19 through law firm Lim Chee Wee Partnership without the liberty to file afresh with the order endorsed by High Court deputy registrar Siti Aisyah Ahmad,“We can confirm that the suit against Wong & Partners and Brian Chia Hock Gee under the KL High Court Suit No: WA-22NCC-211-05/2021 was withdrawn by the plaintiff, without liberty to file afresh.
Sri Ram is also appointed to lead the prosecution in criminal trials relating to the 1MDB scandal against Najib. On May 10, the Finance Ministry confirmed that 1MDB had filed six lawsuits against a total of nine entities and 25 individuals for various alleged wrongdoings and that 1MDB’s former subsidiary SRC International Sdn Bhd had filed 16 lawsuits against a total of eight entities and 15 individuals for various alleged wrongdoings., adding that the two companies claim that the entities and individuals sued had allegedly been unjustly enriched by wrongfully receiving monies from the two companies.
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