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PetroSaudi fights for license to pay creditors with cash linked to 1MDB corruption scandal

By Martin Coyle ( November 18, 2021, 16:01 GMT | Insight) -- PetroSaudi Oil Services, which is at the center of a corruption scandal, has won more time to persuade a London court to be allowed to keep paying debts from a $325 million fund that US judges recently ruled can be targeted for seizure by prosecutors. It warned that it faced financial ruin unless it could access the money, being held in escrow by the court.PetroSaudi Oil Services, which is at the center of a corruption scandal, has won more time to persuade a London court to be allowed to keep paying debts from a $325 million fund that US judges recently ruled can be targeted for seizure by prosecutors....

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