MACC sues 2 law firms for disclosure over 1MDB’s US$6.5bil bond settlement

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MACC sues 2 law firms for disclosure over 1MDB’s US$6.5bil bond settlement
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The anti-corruption agency has filed separate motions against Rosli Dahlan Saravana Partnership and Chetan Jethwani & Co for the production of documents relating to the deal.

MACC filed two separate motions against the lawyers and their firms, accompanied by certificates of urgency, in the Kuala Lumpur High Court last week.

The anti-corruption agency filed two separate motions against the lawyers and their firms, accompanied by certificates of urgency, last week. They also claimed that MACC must obtain an order from the High Court under Section 46 of the MACC Act, read together with Section 126 of the Evidence Act, to compel disclosure.The cause papers were served on the lawyers and the law firms, Rosli Dahlan Saravana Partnership, and Chetan & Co, last Friday.

He said Rosli Dahlan Saravana Partnership was appointed legal adviser to 1MDB and was involved in negotiations which led to the purported settlement agreement inked with Goldman Sachs on Aug 18, 2020.Last week, Bloomberg reported that the New York-based investment bank was suing the government in a UK arbitration court following “festering disagreement” over a settlement entered when former prime minister Muhyiddin Yassin was in power to resolve 1MDB’s US$6.5 billion bond saga.

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MACC sues 2 law firms for disclosure over 1MDB’s US$6.5bil bond settlementMACC sues 2 law firms for disclosure over 1MDB’s US$6.5bil bond settlementThe anti-corruption agency has filed separate motions against Rosli Dahlan Saravana Partnership and Chetan Jethwani & Co for the production of documents relating to the deal.
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