What is the total amount 1MDB is claiming from Irwan Serigar and Arul Kanda?

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1MDB Claims Total of US$6.59 Billion and RM2.9 Million

1Malaysia Development Berhad (1MDB) is seeking a total of US$6.59 billion (RM30.1 billion) from former Treasury secretary-general Tan Sri Mohd Irwan Serigar Abdullah and former CEO Arul Kanda Kandasamy. Additionally, 1MDB is claiming a further RM2.9 million from Mohd Irwan specifically concerning an Employment Agreement Extension. These claims stem from allegations of breach of trust and conspiracy, which purportedly led to significant financial losses for the company.
Claims Related to Investment Losses

The bulk of the claim, US$6.59 billion, is linked to alleged breaches of trust and conspiracy that resulted in 1MDB suffering losses amounting to US$1.83 billion. This specific loss is tied to an investment in 1MDB-Petrosaudi Ltd, which was subsequently converted into investments in Brazen Sky Limited and then into Bridge Global Fund. Further allegations include the embezzlement of US$3.5 billion paid to Aabar Investments and US$1.265 billion paid to International Petroleum Investment Company (IPIC) on May 9, 2017, also attributed to the defendants' actions.
Claim Regarding Employment Agreement Extension

Beyond the substantial investment-related claims, 1MDB also asserts that Mohd Irwan conspired with Arul Kanda to facilitate the execution of an Employment Agreement Extension. This agreement allegedly led to payments totalling RM2,905,200 being made to Arul Kanda, without due consideration for 1MDB's interests, thereby causing financial detriment to the company.
Legal Proceedings and Recusal

The legal actions against Mohd Irwan and Arul Kanda were initiated by 1MDB in May of the previous year. Recently, a judicial commissioner, Roz Mawar Rozain, recused herself from hearing the case. This development led to the vacating of the hearing for the application to cancel the 1MDB suit, which had been scheduled for October 19. The case management has since been rescheduled for September 27.

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What is the total amount 1MDB is claiming from Irwan Serigar and Arul Kanda?

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