KUALA LUMPUR: The Malaysian Anti-Corruption Commission (MACC) has obtained a court order to block transactions involving over US$115.32mil kept in three Swiss bank accounts.
It said the bank accounts were under the name of Prince Turki Abdullah Abdulaziz Al-Saud.
“The restraining order was granted by the Kuala Lumpur High Court to block the transactions under the Anti-Money Laundering, Anti-Terrorism Financing and Proceeds of Unlawful Activities Act 2001 (Amla),” it said in a statement on Thursday.
According to the MACC, the application was made based on information received in 2011, which stated that Prince Turki Abdullah had received, transferred and used funds derived from the misappropriation of 1Malaysia Development Bhd (1MDB) through his personal bank accounts.
“Through this order, MACC successfully blocked transactions involving US$87.15mil and US$12.78mil in two accounts with JP Morgan, and US$15.39mil in an account with UBS Switzerland,” the statement added.
