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Report: Sulu sultanate heirs seize Petronas assets worth US$2b

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Descendants of the last Sulu sultan, Sultan Jamalul Kiram II, are claiming the astronomical sum from Malaysia following an arbitration process. theSun thesundaily Sulusultanate Petronas Malaysia

: The heirs of the purported Sulu sultanate, who are claiming US$14.92 billion from Malaysia - have seized two Luxembourg-incorporated subsidiaries of Malaysian oil giant Petronas.

The lawyers said bailiffs in Luxembourg seized the holding companies on behalf of their clients on Monday.

 

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