July 31 hearing date for 1MDB bid to freeze RM1.6bil of Rosmah's assets


KUALA LUMPUR: The High Court here has fixed July 31 to hear the injunction application by 1Malaysia Development Berhad (1MDB) and 10 other companies to prevent Datin Seri Rosmah Mansor (pic) from withdrawing or disposing of any of her assets totalling more than US$346mil (RM1.6bil).

This is in relation to the suit filed against the wife of former prime minister Datuk Seri Najib Razak and another individual over the purchase of luxury items totalling that amount, allegedly obtained through the misappropriation of 1MDB funds.

Lawyer Villasha Anbalagan, representing 1MDB and the 10 companies, said Justice Wan Muhammad Amin Wan Yahya set the hearing date during online case management on Wednesday (March 12).

ALSO READ: Rosmah agrees not to sell disputed luxury items

"The application will be heard on July 31 at 10.30am via Zoom before Justice Wan Muhammad Amin," the lawyer said when contacted.

Rosmah's counsel Datuk Seri Rajan Navaratnam said that on the same day, the court would also hear his client's application for further particulars regarding the plaintiffs' allegations in their statement of claim.

The Mareva injunction application was filed by 1MDB and five subsidiaries – 1MDB Energy Holdings Limited, 1MDB Energy Limited, 1MDB Energy (Langat) Limited, Global Diversified Investment Company Limited and SRC International Sdn Bhd –  as the first to sixth plaintiffs.

The five other companies are Affinity Equity International Partners Limited; Alsen Chance Holdings Limited, Blackrock Commodities (Global) Limited, Blackstone Asia Real Estate Partners Limited and Brightstone Jewellery Limited, as the seventh to 11th plaintiffs.

They are seeking, among others, an injunction to prevent Rosmah from disposing of assets amounting to US$346mil, whether in the form of credit, company shares, real estate, or others.

ALSO READ: Rosmah still faces multiple court cases

A Mareva injunction is a temporary order that restrains the defendant from disposing of assets until a decision is reached in the case between the plaintiffs and the defendant.

On May 9 last year, 1MDB and 10 other companies filed a lawsuit naming Rosmah and a woman named Shabnam Naraindas Daswani (also known as Natasha Mirpuri) as the first and second defendants.

They are seeking a court order demanding that Rosmah pay US$346,010,489 or an amount deemed appropriate by the court.

The plaintiffs are seeking declarations that the first to sixth plaintiffs hold rightful ownership of the luxury items, which are purportedly in Rosmah’s possession. – Bernama

 

 

 

 

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