1MDB, subsidiaries file lawsuit against Rosmah for US$346mil

The Star

1Malaysia Development Bhd (1MDB), SRC International Sdn Bhd and nine subsidiaries have filed a civil lawsuit against Datin Seri Rosmah Mansor seeking US$346mil belonging to the company.  The plaintiffs claimed that Rosmah, the wife of former prime minister Datuk Seri Najib Razak, had used the funds from the companies to purchase luxury items such as jewellery, watches and handbags.  Read more at https://shorturl.at/qwF24  WATCH MORE: https://thestartv.com/c/news SUBSCRIBE: https://cutt.ly/TheStar LIKE: https://fb.com/TheStarOnline

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00:00One Malaysia Development Berhad or 1MDB SRC International Sendirian Berhad and nine subsidiaries

00:09have filed a civil lawsuit against Datuk Seri Rosmah Mansor seeking US$346 million belonging

00:16to the company.

00:18The plaintiffs claimed that Rosmah, the wife of former Prime Minister Datuk Seri Najib

00:23Razak, had used the funds from the companies to purchase luxury items such as jewellery,

00:29watches and handbags.

00:31In the lawsuit, filed on May 9th through Messrs Lim Chee Wee Partnership, the plaintiffs named

00:37Rosmah as the first defendant and Shabnam Narendas Daswani, also known as Natasha Mirpuri,

00:45as the second defendant.

00:47They claimed that Shabnam, who was based in Singapore, had purchased or procured the luxury

00:53items on behalf of Rosmah.

00:55The plaintiffs claimed that funds from 1MDB and its subsidiaries were channeled to various

01:00offshore entities before being paid out to 48 different vendors based in 14 jurisdictions

01:06for the luxury goods.

01:08They are seeking a court declaration that they had equitable proprietary interest in

01:12the good and traceable proceeds in the hands of Rosmah, as well as an order for Rosmah

01:18to pay the first until the sixth plaintiffs, a sum of US$346 million.

01:26The lawsuit is fixed for case management on May 24.

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