Najib, 1MDB on court orders to enter defence in suit against IPIC settlement

SINGAPORE (Jan 30): Malaysia’s 1Malaysia Development Berhad (1MDB), Prime Minister Datuk Seri Najib Razak and the local government have been issued a court order to enter their defence in a suit that concerns 1MDB’s settlement with the International Petroleum Investment Co (IPIC).

The three parties have previously written applications for a stay to file their defence, but was dismissed by High Court judge Hue Siew Kheng on Monday, according to news portals.

Najib has previously argued that he was wrongfully added as a party in the suit.

---

Related Stories

• A rebuttal to Leslie Lopez’s allegation of a political conspiracy and his claim about being the first to expose 1MDB
• 1MDB fugitive Jho Low must forfeit mum’s trio of ‘flawless’ diamonds
• Briefs: Yen poised for big swings; London Metal Exchange looks to set up warehouse in HK; Amazon hits US$2 tril in value

---