KUALA LUMPUR – The application of Datuk Seri Najib Razak for a stay of proceedings in the US$8 billion (RM33.3 billion) civil suit filed by 1Malaysia Development Bhd (1MDB) against him and several others will be heard on February 11 next year.
1MDB’s lawyer Siva Kumar Kanagasabai said the former prime minister had applied for a stay of proceedings at the high court here yesterday.
He said this after the online case management before judicial commissioner Atan Mustaffa Yussof Ahmad
In today’s proceedings, the court also granted 1MDB’s application to serve papers on its former finance director Terrence Geh Choh Heng, former general counsel Jasmine Loo Ai Swan, former executive director Casey Tang Keng Chee, and former CEO of SRC International Sdn Bhd Nik Faisal Ariff Kamil by way of substituted service in the US$8 billion suit.
Substituted service is a court-sanctioned alternative way of service after attempts at personal service are unsuccessful.
Apart from that, the counsel said 1MDB’s former director of investments and chief investment officer Vincent Beng Huat Koh had filed his statement of defence and informed the court that he would file an application to strike out the suit.
“He was given three weeks to do so. 1MDB has one month to file a reply to his defence,” he said, adding that the court set December 1 for further case management.
The US$8 billion suit is one of 22 civil suits filed to claim over US$23 billion on behalf of 1MDB and its former subsidiary SRC International against several individuals allegedly involved in the financial scandal.
Named as defendants in this suit are Najib, Geh, Loo, Tang, and Beng, as well as chief operating officer Radhi Mohamad, former director of investments Kelvin Tan Kay Jim, and Nik Faisal. – Bernama, October 15, 2021
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