How much did 1MDB claim in losses from Arul Kanda and Mohd Irwan?

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1MDB Claims Total Losses of US$6.59 Billion and RM2.9 Million from Arul Kanda and Mohd Irwan

1Malaysia Development Berhad (1MDB) is seeking a total of US$6.59 billion (approximately RM28.2 billion) in damages from former chief executive officer Arul Kanda Kandasamy and former Treasury secretary-general Tan Sri Mohd Irwan Serigar Abdullah. Additionally, 1MDB claims RM2.9 million from Mohd Irwan specifically concerning an Employment Extension Agreement.
Allegations of Breach of Trust and Conspiracy in Investment Losses

1MDB alleges that both Arul Kanda and Mohd Irwan engaged in breach of trust and conspiracy, leading to losses of US$1.83 billion related to its investment in 1MDB-Petrosaudi Ltd, which was subsequently converted into an investment in Brazen Sky Limited. These alleged losses are central to the company's claim against the two defendants.
Claims of Misappropriation of Funds

Further claims by 1MDB state that Arul Kanda and Mohd Irwan committed breach of trust and conspiracy by misappropriating substantial sums of the company's money. Specifically, the allegations include the misappropriation of US$3.5 billion paid to Aabar Investments and US$1.265 billion paid to IPIC on May 9, 2017.
Specific Claim Regarding Employment Extension Agreement

The lawsuit also details allegations that Mohd Irwan conspired with Arul Kanda to implement an Employment Extension Agreement. This agreement purportedly resulted in a substantial payment of RM2,905,200 to Arul Kanda, irrespective of 1MDB's interests, thereby causing the company to suffer financial losses and damages.

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How much did 1MDB claim in losses from Arul Kanda and Mohd Irwan?

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