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US judge stays forfeiture for PetroSaudi escrow account over liquidator request

( June 12, 2025, 22:31 GMT | Official Statement) -- MLex Summary: US District Judge Dale S. Fischer ordered a stay in the forfeiture effort seeking about $300 million, held in escrow by UK law firm Clyde & Co., that the US government says was diverted from Malaysian sovereign development fund 1MDB purportedly to be used in a Venezuelan oil venture. The liquidators of the Venezuelan oil venture filed the stay request.Docket entry follows below. See attached files....

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