[KiniNews] Petronas said it viewed the action of alleged seizure of its assets as baseless and is working vigorously to defend its legal position on this matter.

The national oil company was referring to the Financial Times’ report titled: ‘Petronas subsidiaries seized as lawyers press $15bn claim on Malaysia’.

It also clarified that the subsidiaries, Petronas Azerbaijan (Shah Deniz) and Petronas South Caucasus, have previously divested their entire assets in the Republic of Azerbaijan and the proceeds from the exercise have been duly repatriated.

Meanwhile, in a separate story, a DAP lawmaker has called on Prime Minister Ismail Sabri to explain to the nation how national assets under Petronas were seized and to inform the public of the steps to be undertaken by the government to safeguard other assets overseas.

Kepong MP Lim Lip Eng said the news had put Malaysia in the spotlight again for the wrong reasons.

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