Hearing of PSOSL’s bid to vary interim order blocking movement of 1MDB-linked funds adjourned to Aug 19
KUALA LUMPUR (Aug 12): The High Court has adjourned to Aug 19 the hearing of PetroSaudi Oil Services (Venezuela) Ltd (Incorporated in Barbados) (PSOSL)’s application to vary an interim order granted last month that blocked the movement of US4340.
A jewel in the heart of Damansara Damai
PETALING JAYA (August 7): Seeing the rising demand for property in mature neighbourhoods like Damansara Damai, Asian Pac Holdings has introduced Riaz Residences for the buyers who are looking for homes in easily accessible locations and proximity to all amenities.
Pensonic reports fire incident at subsidiary's office in PJ
KUALA LUMPUR (Aug 6): Pensonic Holdings Bhd has reported a fire incident at a building owned by its subsidiary Pensonic Sales & Service Sdn Bhd.
DONE DEAL: 3-storey semidee factory, Taman Desaria, PJ, Selangor
Rented for: RM15,000 a month (RM1.
Cooking up a collaborative experience with COOKHOUSE
One may be more familiar with co-working spaces and perhaps, the more recent — cloud kitchens.
MACC lawyer: Forfeiture action against PetroSaudi, Tarek a result of Special Task Force probe on 1MDB
KUALA LUMPUR (July 13): A lawyer representing the Malaysian Anti-Corruption Commission (MACC) said today that the forfeiture action filed by the public prosecutor against PetroSaudi International Ltd and its chief executive officer Tarek Obaid was borne from the investigations done by the Special Task Force on 1Malaysia Development Bhd (1MDB).
1MDB asset forfeiture: High Court issues temporary order to stop fund movement from Tarek Obaid, four others
KUALA LUMPUR (July 16): The High Court here had today issued an ad-interim (temporary) order barring Tarek Obaid, PetroSaudi Oil Services (Venezuela) Ltd and three others from moving US$340.
Ex-parte application to seize US$340m from PetroSaudi and Tarek Obaid to be heard on Thursday
KUALA LUMPUR (July 14): The High Court today allowed an ex-parte application by public prosecutors to be heard on Thursday in a bid to obtain a prohibition order against PetroSaudi International Ltd and Tarek Obaid from using over US$340 million (RM1.
Forfeiture action against PetroSaudi and Tarek Obaid amounting to US$340m to go up for case management today
KUALA LUMPUR (July 14): The prosecution had on Friday filed a notice of motion for forfeiture action against Tareq Obaid, PetroSaudi International Ltd, PetroSaudi Oil Services (Venezuela) Ltd, Clyde and Co LLP and Temple Fiduciary Services Ltd.
