KUALA LUMPUR, March 6 — The High Court has granted the government’s request to prevent two individuals linked to former prime minister Datuk Seri Najib Razak from accessing overseas bank accounts and shares allegedly connected to 1MDB and other major projects, Free Malaysia Today (FMT) reported.
KUALA LUMPUR, March 6 — The High Court has granted the government’s request to prevent two individuals linked to former prime minister Datuk Seri Najib Razak from accessing overseas bank accounts and shares allegedly connected to 1MDB and other major projects, Free Malaysia Today (FMT) reported.
Justice K Muniandy issued the orders during case management today, following applications filed by the government yesterday.
According to the online news portal, one application claimed that US$4.5 million held by an individual identified as "Prince Faisal Turki Al Saud" at Riyad Bank in Saudi Arabia was linked to 1MDB. The court was informed that "Prince Faisal" had transferred RM60 million to Najib in 2011.
In a separate case, the government sought to prevent Paul Stadlen, Najib’s former media adviser, from accessing 12 million shares held with an asset management firm in the United Kingdom.
The government alleged that Stadlen acquired the shares—valued at approximately US$100 million—using funds misappropriated from large-scale projects such as the East Coast Rail Link, the Multi-Product Pipeline, and the Trans-Sabah Gas Pipeline.
Deputy public prosecutor Mahadi Abdul Jumaat confirmed that the attorney-general will invoke the Mutual Assistance in Criminal Matters Act 2002 to facilitate the serving of court orders to the relevant authorities in Saudi Arabia and the UK, FMT reported.
This move represents a further step in ongoing efforts to recover funds allegedly misappropriated in connection with the 1MDB scandal and other related projects.
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