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.
