Malaysia court bars PetroSaudi from accessing $456m linked to IMDB
The Straits Times|December 12, 2024
A Malaysian court on Dec 11 approved the government's application to bar PetroSaudi International and its chief executive from accessing US$340 million (S$456 million) connected to the scandal-wracked 1MDB sovereign wealth fund.

Kuala Lumpur High Court Judge Ahmad Shahrir Salleh said there was enough evidence to show that the money involved was linked to money laundering activities.

Approving the application effectively bars PetroSaudi and its chief executive Tarek Obaid from accessing the money.

Others prohibited include subsidiary PetroSaudi Oil Services (Venezuela), Britain-based law firm Clyde & Co and Temple Fiduciary Services.

この蚘事は The Straits Times の December 12, 2024 版に掲茉されおいたす。

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この蚘事は The Straits Times の December 12, 2024 版に掲茉されおいたす。

7 日間の Magzter GOLD 無料トラむアルを開始しお、䜕千もの厳遞されたプレミアム ストヌリヌ、9,000 以䞊の雑誌や新聞にアクセスしおください。

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