KUALA LUMPUR: The hearing of the government’s application to block PetroSaudi International Ltd (PSI), its subsidiary PetroSaudi Oil Services (Venezuela) Limited (PSOS-VZ) and Saudi national Tarek Obaid, from using over US$340mil (RM1.55bil) linked to 1Malaysia Development Berhad (1MDB) which was kept in a client’s account at a United Kingdom law firm, has been postponed to Nov 23.
This came after deputy public prosecutor Norinna Bahadun informed presiding judge Datuk Ahmad Shahrir Mohd Salleh that they were seeking further instructions on whether an amendment was needed in the originating summons to avoid confusion about the funds allegedly held in an escrow account managed by the UK law firm, Clyde & Co LLP.
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