High Court extends ban on PetroSaudi from handling RM1.61b tied to 1MDB scandal

High Court extends ban on PetroSaudi from handling RM1.61b tied to 1MDB scandal

Malay Mail - Malaysia·2025-12-23 20:08

KUALA LUMPUR, Dec 23 — The High Court here today allowed the government’s application to extend a prohibition preventing PetroSaudi International Ltd (PSI) and its director, Tarek Obaid, from dealing with US$340 million (RM1.61 billion) linked to 1Malaysia Development Berhad (1MDB).

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