In May 2021, 1MDB filed a suit against Arul Kanda and Mohd Irwan over an alleged breach of trust and conspiracy theSun theSundaily court corruption hearing schedule lawsuit 1MDB Malaysia
: The High Court today set July 24 to hear the application of former Treasury secretary-general Tan Sri Mohd Irwan Serigar Abdullah and former 1Malaysia Development Berhad chief executive officer Arul Kanda Kandasamy, to strike out a US$6.59 billion suit filed by 1MDB against them.
“The court also ordered both defendants to file additional affidavits for their application to amend the statement of defence, before or on May 31, as well as additional submissions for the applications to strike out the suit, if any, during the same period ,” he said. Mohd Irwan filed an application to strike out the suit on Feb 18, 2022, on the grounds that the suit against him was premature, as the investment of Brazen Sky Limited and the payment of Aabar Investments PJS Limited were clearly unsustainable, as the court has yet to determine that 1MDB suffered losses of US$1.83 billion and US$3.5 billion.
In May 2021, 1MDB filed a suit against Arul Kanda and Mohd Irwan over an alleged breach of trust and conspiracy, causing 1MDB to suffer losses amounting to US$1.83 billion, in relation to its investment in 1MDB-Petrosaudi Ltd, which was converted into the alleged Brazen Sky Limited investment, said to be found in the Bridge Global Fund.
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