KUALA LUMPUR: The government has blocked PetroSaudi International Ltd (PSI) and its director Tarek Obaid from accessing US$340mil (RM1.61bil) tied to 1Malaysia Development Berhad (1MDB).
Justice Ahmad Shahrir Mohd Salleh approved the government's request after evidence showed the US$340mil is linked to an offence under Subsection 4(1) of the Anti-Money Laundering, Anti-Terrorism Financing and Proceeds of Unlawful Activities Act 2001 (AMLATFPUAA).
