How much money is 1MDB seeking from Arul Kanda and Irwan Serigar?

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1MDB Seeks US$6.59 Billion in Civil Suit Against Former Executives

1Malaysia Development Berhad (1MDB) is seeking a total of US$6.59 billion from former chief executive officer Arul Kanda Kandasamy and former chairman Tan Sri Mohd Irwan Serigar Abdullah. This claim is part of a civil suit alleging breach of trust and conspiracy that led to significant financial losses for the company. The suit also includes a demand for an additional RM2.9 million from Mohd Irwan Serigar concerning an Employment Extension Agreement.
Total Claim Amount

The primary claim lodged by 1MDB against Arul Kanda and Mohd Irwan Serigar totals US$6.59 billion. This substantial sum is intended to compensate for alleged misappropriation and losses incurred by the state investment fund. The court has ruled that the case requires a full trial to ascertain the facts and determine the rightful parties to any financial responsibility.
Allegations of Misappropriation and Loss

Beyond the overall claim, specific amounts are detailed within the suit relating to alleged fund misappropriation. 1MDB claims that US$3.5 billion of its funds were paid to Aabar Investments, and an additional US$1.265 billion was paid to the International Petroleum Investment Company (IPIC). Furthermore, the company asserts losses of US$1.83 billion stemming from its investment in 1MDB-Petrosaudi Ltd.
Employment Extension Agreement Claim

In addition to the broader financial claims, 1MDB has also filed a specific demand for RM2.9 million against Mohd Irwan Serigar. This amount is linked to the implementation of an Employment Extension Agreement, which 1MDB alleges caused the company to suffer losses and damages, irrespective of the company's best interests. The court's decision to proceed to a full trial means these detailed allegations will be thoroughly examined.

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How much money is 1MDB seeking from Arul Kanda and Irwan Serigar?

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