PetroSaudi Gets Access To $330M Pot Caught In 1MDB Probe

Law360, London (March 23, 2021, 5:35 PM GMT) -- A judge ruled on Tuesday that oil company PetroSaudi can have access to $330 million held in escrow by Clyde & Co LLP after U.S. prosecutors came up short in their bid to seize the assets they allege are connected to embezzled 1MDB funds.

A High Court judge ruled Tuesday that PetroSaudi can have access to $330 million held in escrow after U.S. prosecutors lost their bid to seize the assets. (Photo by Dinendra Haria/SOPA Images/LightRocket via Getty Images) Judge Robert Miles granted Clyde & Co permission at the High Court to pay the funds into court, ending months of legal...

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