KUALA LUMPUR: Graft busters received an injunction prohibiting certain parties from dealing with 1Malaysia Development Berhad (1MDB) assets overseas worth US$340mil (RM1.5bil).

The Malaysian Anti-Corruption Commission (MACC) said the injunction was issued by the Kuala Lumpur High Court on Tuesday (Dec 10)

"The assets are now stored at the UK Court Fund Office in the United Kingdom.

"High Court Judge Datuk Ahmad Shahrir issued the order after he was satisfied with the evidence presented by the prosecution, showing that the fund had connections with money laundering," the commission said in a statement on Thursday (Dec 12).

The injunction also prohibits Petrosaudi International Ltd (PSI) chief executive officer Tarek Obaid gaining any access to the funds.

"The injunction under Section 53 of the Anti-Money Laundering, Anti-Terrorism Financing and Proceeds of Unlawful Activities Act (AMLATFPUAA) 2001 is based on an application filed by the prosecution in 2020.

"On March 13, the MACC also received an injunction on 41 pieces of jewellery in Hong Kong worth GBP9,417,842.60 (RM53.3mil) belonging to Tarek Obaid," it said.

https://www.thestar.com.my/news/nation/2024/12/12/macc-obtains-court-order-blocking-access-to-1mdb-related-us340mil-funds