PETALING JAYA: The Malaysian Anti-Corruption Commission (MACC) has filed a court order to forfeit overseas assets belonging to Prince Turki Abdullah Al-Saud.
The application to forfeit assets was filed under Sections 56(1), 59, and 61(2) of the Anti-Money Laundering, Anti-Terrorism Financing and Proceeds of Unlawful Activities Act.
Approximately US$115.3mil (RM450,534,585.12) held in several Swiss bank accounts is subject to the forfeiture order, including funds in J.P. Morgan (Suisse) SA and UBS Switzerland AG.
Malaysian Anti-Corruption Commission (MACC) chief commissioner Tan Sri Azam Baki confirmed the court application on Sunday (Feb 15).
Previously, in October 2026, the MACC obtained an order to block US$115.3mil in transactions held in three Swiss bank accounts under the name of Prince Turki Abdullah Abdul Aziz Al-Saud.
At the time, MACC said the move was based on information it received in 2011, alleging that he had received, transferred and used proceeds from the misappropriation of 1Malaysia Development Berhad (1MDB) funds through his bank accounts.
