KUALA LUMPUR (Bernama): The High Court here Thursday (July 16) allowed the government’s application for an interim order to block PetroSaudi International Ltd (PSI) and its director Tarek Obaid from moving more than US$340mil (RM1.4bil) linked to 1Malaysia Development Bhd (1MDB) and kept in a client’s account at a United Kingdom’s law firm to other entities.
Judge Mohd Nazlan Mohd Ghazali ruled that the court has jurisdiction to grant the interim preservation order sought by the prosecution.
Already a subscriber? Log in.
Save 30% and win Bosch appliances! More Info
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
