Kuala Lumpur: Eight “mysterious” individuals who claim to be linked to a Sulu sultan who died in 1936 are seeking to profit from Malaysia, by attempting to hold the country to “ransom” in order to grab US$14.9 billion (almost 16 per cent of Malaysia’s annual government budget), the Malaysian government has said.
On its new website https://www.malaysia-sulucase.gov.my/ launched on Wednesday, the Malaysian government did not mince its words when saying these eight persons were seeking to get rich at the expense of Malaysians.In February 2022, the eight Sulu claimants obtained an arbitration award which ordered Malaysia to pay them US$14.92 billion as compensation over the natural resources in Sabah. But Malaysia says the entire arbitration and the US$14.92 billion award is invalid.
The eight Sulu claimants were last year reported to have used the services of at least five different law firms in the Philippines, UK, Spain, France, and Luxembourg, and have been making attempts to seize assets belonging to Malaysia or Malaysian entities in Luxembourg, France, and the Netherlands to enforce the US$14.92 billion arbitration award.
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