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Bangkok Post
Bangkok Post
World

Malaysia PM vows to protect global assets as sultan heirs claim $15bn award

FILE PHOTO: Malaysian Prime Minister Ismail Sabri Yaakob attends a meeting on climate action, clean energy, and sustainable infrastructure as part of the US-Asean Special Summit, in Washington, US, May 13, 2022. (Reuters)

KUALA LUMPUR: Malaysia's Prime Minister Ismail Sabri Yaakob promised legal measures on Tuesday to protect the country's assets worldwide, local media reported, as heirs to a 19th century sultan sought to enforce a $15 billion arbitration award via asset seizures.

The heirs are targeting Malaysian property overseas following the government's refusal to recognise an arbitration award by a French court in February, which found it had reneged on a 1878 land leasing agreement between a British company and the last sultan of Sulu.

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