August 04, 2021
A PetroSaudi unit is urging a California judge to dismiss for good the U.S. government's attempt to seize a nearly $380 million arbitral award it claims is tied to embezzled 1Malaysia Development Berhad funds, arguing that prosecutors still can't connect the award to the scandal.
June 04, 2021
U.S. prosecutors have again come up short in their bid to seize some $329 million allegedly connected to embezzled 1Malaysia Development Berhad funds after a judge in California ruled on Friday that the government hadn't sufficiently shown how the money was tied to the conspiracy.
May 19, 2021
PetroSaudi urged a California federal judge to reject federal prosecutors' proposed warrant to seize funds allegedly tied to the 1MDB scandal, saying Wednesday the "overbroad" warrant would leave the U.S. court "fundamentally and untenably at odds" with a London court.
May 03, 2021
U.S. prosecutors urged a California federal judge not to dismiss the Department of Justice's $330 million forfeiture suit against PetroSaudi, arguing Friday that the DOJ has successfully connected the arbitral award to the 1MDB scandal.
April 27, 2021
U.S. prosecutors urged a California federal judge to let the country seize $330 million allegedly connected to embezzled 1Malaysia Development Berhad funds owed to PetroSaudi, arguing that sovereign immunity and U.S. jurisdiction limits are irrelevant in this case.
April 21, 2021
PetroSaudi urged a California federal court to permanently end a $330 million U.S. Department of Justice forfeiture suit, slamming the action as a "bloated" and "confusing" attempt to connect its arbitral award to the 1MDB scandal.
March 10, 2021
U.S. prosecutors came up short in their bid to seize some $330 million in assets held in escrow by Clyde & Co. that are allegedly connected to embezzled 1Malaysia Development Berhad funds when a California judge ruled that the government had not sufficiently shown how the money was tied to the alleged scheme.
February 23, 2021
A Saudi oil company has accused the U.S. government of improperly attempting to influence the judge ruling on the outcome of English legal proceedings over the fate of $330 million in assets allegedly connected to embezzled 1Malaysia Development Bhd. funds.
January 12, 2021
Prosecutors seeking to seize another $330 million in assets allegedly connected to embezzled 1Malaysia Development Bhd. funds, including money tied up in arbitration proceedings between Saudi and Venezuelan oil companies, urged a California federal judge not to toss the case, saying the complaint sufficiently alleges the funds are crime-related.
September 17, 2020
Prosecutors are seeking to seize another $330 million in assets allegedly connected to embezzled 1Malaysia Development Berhad funds, including money tied up in arbitration proceedings between Saudi and Venezuelan oil companies and dozens of vintage movie posters bought by a Hollywood producer.