PetroSaudi, Tarek Obaid apply to amend interim order obtained by govt to block 1MDB-linked funds worth RM1.44bil


KUALA LUMPUR (Bernama): PetroSaudi International Ltd (PSI) and its director, Tarek Obaid, are seeking to amend an interim order obtained by the government to prohibit them from moving over US$340mil (RM1.44bil), that is linked to 1Malaysia Development Berhad (1MDB) and kept in a client’s account at a UK law firm, to other entities.

PSI and Tarek filed the application to amend the interim order on July 24.

The Star 6.6 DEAL: 35% OFF Digital Access

Monthly Plan

RM 13.90/month

RM 9.04/month

Billed as RM 9.04 for the 1st month, RM 13.90 thereafter.

Best Value

Annual Plan

RM 12.33/month

RM 8.02/month

Billed as RM 96.20 for the 1st year, RM 148 thereafter.

Follow us on our official WhatsApp channel for breaking news alerts and key updates!

Next In Nation

Court allows Daim’s daughter to keep passport
Young voters grapple with shifting political landscape
Curb illegal foreign traders with stricter penalties, says group
Crackdown on illegal gambling during tournament
Eight Myanmar nationals nabbed in wildlife ops
STEAM-ing to the future of education
Perlis PAS to keep supporting Bersatu
Cooperation, not coalition
Live gibbons saved from smuggler at KLIA
Viewing parties from home to mamak outlets

Others Also Read