KUALA LUMPUR: The High Court here has granted an ad interim injunction against fugitive financier Low Taek Jho, or Jho Low, to prevent him from transferring or dissipating his assets in Malaysia amounting to US$1.03bil (RM4.34bil) in a lawsuit filed by 1Malaysia Development Bhd (1MDB) and its subsidiaries.
Lawyer Siva Kumar Kanagasabai, who represented 1MDB, told reporters that the ad interim injunction was granted on the same terms as an ex-parte injunction obtained on March 16 and would be effective until an application for an inter parte injunction is decided.
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