Attorney General Tommy Thomas said both the Minister of Finance Incorporated and 1MDB have filed an application for permission to appeal against a London Commercial Court decision to allow arbitration proceedings to be determined behind closed doors. — Picture by Firdaus Latif
In a statement today, Attorney General Tommy Thomas said both the Minister of Finance Incorporated and 1MDB have filed an application for permission to appeal against a London Commercial Court decision to allow arbitration proceedings to be determined behind closed doors.He added that if the government succeeds in the UK court, “Malaysia will be able to proceed to seek recovery of US$3.
“As shown by the realisation of assets in recent recovery exercises, the Government’s efforts in seeking justice for the Malaysian people following what has been described as “kleptocracy at its worst” is bearing fruit. Thomas also said a judge in the London Commercial Court, Justice Knowles, had described the case before him as “rare and compelling” situation, and agreed that there were underlying issues concerning “massive fraud” between the parties that must be heard first openly before arbitration.