PETALING JAYA: The Malaysian Anti-Corruption Commission (MACC) has obtained a prohibition order on transactions of US$1.7mil (RM6.7mil) in funds linked to 1Malaysia Development Berhad (1MDB), says Tan Sri Azam Baki.
The MACC chief commissioner said on April 28, they obtained the prohibition order on transactions involving funds held in two bank accounts at Amicorp Bank and Trust Limited, Barbados.
"These funds were identified following an investigation conducted by the MACC's special operations division, which found that between 2014 and 2019, several individuals who were bank account holders as well as directors of companies established overseas were suspected of being involved in activities of receiving, concealing, transferring and converting proceeds of unlawful activities through the companies' bank accounts in Barbados.
"Following this, the Kuala Lumpur High Court allowed a prohibition order on financial transactions involving US$56,285.88 (RM222,441.80) in an account owned by Lambasa Global Opportunity Fund BV and US$1,649,118.40 (RM6,517,315.92) in an account owned by Universal Ventures Fund SCC," he said in a statement on Tuesday (April 28).
He added that the order was in line with the MACC's commitment to tracing and forfeiting funds and assets linked to money laundering activists, especially those held overseas.
