1MDB fund sues Patrick Mahony and UK law firm for $1.83bn over alleged misrepresentation in 2009 joint venture with PetroSaudi International.
1MDB, a Malaysian state fund, sues Patrick Mahony, former chief investment officer of PetroSaudi International, and a UK law firm for $1.83bn over a 2009 joint venture. 1MDB claims it was misled into believing PetroSaudi was owned by Saudi royalty, which led to the joint venture. The lawsuit alleges that Mahony dishonestly assisted others in misappropriating 1MDB funds.
May 23, 2024
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