The High Court today set Aug 4 to deliver its decision on the application by 1Malaysia Development Berhad and three of its subsidiaries to obtain documents in the US$248 million suit against Hollywood film producer Riza Shahriz Abdul AzizCounsel Datuk Hariharan Tara Singh representing defendants Riza Shahriz, Red Granite Pictures Incorporated and Red Granite Capital Limited, said Judge Datuk Amarjeet Singh set the date after hearing arguments from both parties.
1MDB, and its subsidiaries, 1MDB Energy Holdings Limited, 1MDB Energy Limited and 1MDB Energy Limited filed the application on Jan 28, seeking documents including correspondence between fugitive businessman Low Taek Jho or Jho Low and Riza Shahriz, and documents relating to the receipt and use of US$10,173,104 in funds by Red Granite Pictures and US$238 million by Red Granite Capital.
According to an affidavit in reply, Riza Shahriz said he was advised by lawyers and firmly believed the documents sought by the plaintiffs were only fishing for further information. They also claimed that since Riza Shahriz managed both companies, he would know that the money originating from 1MDB had been misappropriated for their gain.
Source: Law Daily Report (lawdailyreport.net)
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