Govt seeks to bar Tarek Obaid, PetroSaudi from using over US$340mil linked to 1MDB


  • Nation
  • Tuesday, 14 Jul 2020

KUALA LUMPUR: The government is seeking to prohibit oil services and production company PetroSaudi International Ltd (PSI) and its director Tarek Obaid from using more than US$340mil linked to 1Malaysia Development Bhd (1MDB).

In the notice of motion filed on July 10, the government said the money was related to an offence under Section 4(1) of the Anti-Money Laundering, Anti-Terrorism Financing and Proceeds of Unlawful Activities Act 2001.

Limited time offer:
Just RM5 per month.

Monthly Plan

RM13.90/month
RM5/month

Billed as RM5/month for the 1st 6 months then RM13.90 thereafters.

Annual Plan

RM12.33/month

Billed as RM148.00/year

1 month

Free Trial

For new subscribers only


Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!
   

Next In Nation

Unity govt parties have ways to ensure victory in Kuala Kubu Baharu polls, says Zahid
Malaysia closely monitoring situation in West Asia, reiterates call for all parties to exercise restraint
Snatch theft suspect identified by Klang cops
DPM Fadillah pays last respects to Joseph Kurup
Down Syndrome man splashed with hot water by woman in Bayan Lepas
Anwar hands over donation to family of child due for surgery in China
Rockfall tragedy: Only Qing Xin Ling village closed so far, says Ipoh mayor
KKB by-election: MCA won’t campaign if BN candidate not fielded
Mount Ruang eruption: MetMalaysia conducts simulations to identify potential tsunami threat
Cost of living an important factor in new civil servants' pay structure, says PM

Others Also Read