Govt attempts to restrain PetroSaudi from using alleged 1MDB funds in UK firm

2020-08-15 11

The Malaysian government has filed an application in the Kuala Lumpur court seeking to stop PetroSaudi International from using over US$340mil allegedly from 1MDB now in the custody of the company’s UK law firm.

The government contended that the money in Clyde & Co LLP was proceeds from unlawful activities.

The deputy public prosecutor cited Section 53 of the Anti-Money Laundering, Anti-Terrorism Financing and Proceeds of Unlawful Activities Act (Amla) as basis for its application.

WATCH MORE: https://thestartv.com/c/news
SUBSCRIBE: https://cutt.ly/TheStar
LIKE: https://fb.com/TheStarOnline