Sulu sultanate heirs seize Petronas assets worth US$2b, reports FT
- 2 years ago
The heirs of the purported Sulu sultanate, who are claiming US$14.92 billion (RM62.59 billion) from Malaysia - have seized two Luxembourg-incorporated subsidiaries of Malaysian oil giant Petronas.
According to a report by London-based Financial Times, lawyers of the claimants have seized Petronas Azerbaijan (Shah Deniz) and Petronas South Caucasus, reportedly worth US$2 billion.
The lawyers said bailiffs in Luxembourg seized the holding companies on behalf of their clients on Monday.
More: https://www.malaysiakini.com/news/627996
According to a report by London-based Financial Times, lawyers of the claimants have seized Petronas Azerbaijan (Shah Deniz) and Petronas South Caucasus, reportedly worth US$2 billion.
The lawyers said bailiffs in Luxembourg seized the holding companies on behalf of their clients on Monday.
More: https://www.malaysiakini.com/news/627996