Malaysia PM vows to defend assets after $2bn seizure by Sulu heirs

Ismail Sabri faces challenge over $15bn award on claims linked to last sultan

20220719 ismail

Malaysian Prime Minister Ismail Sabri Yaakob, pictured in May, said his government "will not compromise even an inch in protecting the country's security and sovereignty." © Reuters

P PREM KUMAR, Nikkei staff writer

KUALA LUMPUR -- Malaysia will do whatever it takes to protect its offshore assets, Prime Minister Ismail Sabri Yaakob vowed on Tuesday, following a stunning asset seizure by descendants of the last sultan of a chain of islands controlled by the Philippines.

The assets had been held by two Luxembourg-registered units of Malaysian state energy giant Petronas.

Sponsored Content

About Sponsored ContentThis content was commissioned by Nikkei's Global Business Bureau.