Deputy Public Prosecutor Muhammad Izzat Fauzan informed Judge Mohd Nazlan Mohd Ghazali on Friday that the prosecution had received information on the matter through an email from the UK’s National Crime Agency on Aug 21.
On July 16, Justice Mohd Nazlan allowed the government’s application for an interim order to block PSI, its director Tarek Obaid and its subsidiary, PetroSaudi Oil Services Limited , from moving over the monies linked to 1Malaysia Development Bhd and kept in a client’s account at the UK’s law firm, to other entities.
Following which, Izzat asked the judge to set an early date to hear the government’s prohibition application on grounds that if the matter is prolonged, the monies may dissipate and it would prejudice the prosecution. The application, filed under Section 53 of the Anti-Money Laundering, Anti-Terrorism Financing and Proceeds of Unlawful Activities Act , named Tarek, PSI, PSOS-VZ, Clyde & Co and Temple Fiduciary as the first to fifth respondent.
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