Clyde & Co hit with injunction over 1MDB allegations
Malaysia's former prime minister Najib Razak was recently convicted over the 1MDB scandal (Credit: commons.wikimedia.org)
A subsidiary of Venezuela’s national oil and gas company PDVSA has obtained an English court injunction to prevent Clyde & Co from transferring US$340 million to a Saudi-owned client to comply with an UNCITRAL award – amid allegations linking the client to funds stolen from Malaysian sovereign wealth fund 1MDB.
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