KUALA LUMPUR: The High Court here has allowed the government's application for a restraining order against PetroSaudi International Ltd (PSI) director Tarek Obaid and two companies from accessing jewellery worth £9mil (RM51.6mil) allegedly linked to 1Malaysia Development Berhad (1MDB) funds.
Judge K. Muniandy on Wednesday (March 12) issued the restraining order following an application by Deputy Public Prosecutor Mahadi Abdul Jumaat under Section 53 of the Anti-Money Laundering, Anti-Terrorism Financing and Proceeds of Unlawful Activities Act 2001.
