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Sri Ram says no conflict of interest in acting for Wong & Partners in 1MDB civil suit

This comes after reports saying 1MDB and its former subsidiary SRC International Sdn Bhd had filed several civil suits to recover billions of dollars in losses suffered by the firms. Six suits were filed by 1MDB and its subsidiaries, while another 16 were by SRC.

One of the suits was against Wong & Partners and Chia for a sum of US$1 billion and payment of legal fees of RM664,821.21 for their alleged role in the fraud. The law firm had represented 1MDB in the past.

DONE DEAL: Condominium unit in The Sentral Residences, Kuala Lumpur

Noteworthy:
● Freehold
● Built-up: 1,625 sq ft
● Three bedrooms; three bathrooms
● High floor with balcony and private lift lobby
● Furnished unit with
kitchen cabinet, kitchen countertop island and kitchen appliances
● Facilities: 25m and 50m saltwater infinity pools, wading pool, sky gym, sky lounge, viewing deck, children's playroom, reading room, games room, entertainment lounge, multi-purpose hall, covered link-bridge to Platinum Sentral, landscaped garden and playground
● Amenities:
Cardiac Vascular Sentral Kuala Lumpur, corporate office towers, KL Sentral Station, NU Sentral Mall, The St Regis KL Hotel and Residences, Hilton KL, Le Méridien KL, Aloft Hotel, Ascott Sentral, Lake Gardens and KL Bird Park

When: March 2021

DONE DEAL: Condominium in Desa Kiara, TTDI, Kuala Lumpur

Noteworthy:
● Freehold
● High-level unit
● Built-up: 1,326 sq ft
● Three bedrooms; two bathrooms
● Facilities: 24-hour security, tennis court, squash court, salon, nursery, mini-market, jogging track, clubhouse, cafe, barbecue area, swimming pool, wading pool, children’s playground and gymnasium
● Nearby amenities: Glo Damansara Shopping Mall, TTDI MRT Station (both within 10-minute walking distance), SS20 Commercial Centre, 3 Damansara Shopping Mall (two minutes’ drive), Kuala Lumpur Golf and Country Club (KLGCC), 1 Utama Shopping Centre, TTDI Plaza, Damansara Uptown, Tropicana City Mall, SK TTDI, SMK TTDI, and Phileo Damansara
● Accessibility: Sprint Highway, Jalan Damansara and Damansara-Puchong Highway (LDP)

When: Jan 2021