Judicial commissioner recuses herself from hearing 1MDB suit against Irwan Serigar, Arul Kanda

Judicial commissioner Roz Mawar Rozain recuses herself from hearing 1MDB’s suit against former Treasury secretary-general Mohd Irwan Serigar Abdullah and former 1MDB chief executive officer Arul Kanda Kandasamy. – AFP pic, September 22, 2022.

A JUDICIAL commissioner recused herself from hearing 1Malaysia Development Bhd’s (1MDB) suit against former Treasury secretary-general Mohd Irwan Serigar Abdullah and former 1MDB chief executive officer Arul Kanda Kandasamy today.

1MDB is claiming US$6.59 billion (RM30.1 billion) from the duo.

Lavinia Kumaraendran, representing Irwan, when contacted today, confirmed this after the matter had been called for case management before judicial commissioner Roz Mawar Rozain.

“Case management has been fixed on September 27. The court has also vacated the October 19 hearing of Irwan and Arul Kanda’s application to strike out the 1MDB suit,” said the lawyer.

The application to quash the suit was supposed to have been heard before Roz. She previously replaced judge Amarjeet Singh who had been transferred to the High Court appellate and special powers division in Kuala Lumpur.

It is understood that Roz, before being appointed as judicial commissioner, held the position of deputy director of prosecution and civil enforcement of the Securities Commission (SC) and the SC was one of those involved in the 1MDB probe.

Arul Kanda and Irwan were sued by 1MDB in May last year, in connection with their alleged breach of trust and conspiracy resulting in the fund sustaining losses amounting to US$1.83 billion in connection with an investment in 1MDB-Petrosaudi Ltd that was converted to an investment in Brazen Sky Limited, and then converted into an investment in Bridge Global Fund.

1MDB also claimed that the two defendants committed breach of trust and conspiracy by embezzling US$3.5 billion of 1MDB money paid to Aabar Investments and US$1.27 billion paid to International Petroleum Investment Company on May 9, 2017.

According to 1MDB, Irwan also conspired with Arul Kanda to cause the company to execute the Employment Agreement Extension and make payments amounting to RM2.9 million to Arul Kanda in accordance with the agreement, without regard to the interests of 1MDB, thus causing the company to suffer losses.

1MDB, among others, demanded US$6.59 billion from the duo over the breach and an additional RM2.9 million from Irwan in relation to the Employment Agreement Extension. – Bernama, September 22, 2022.

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