Court freezes 1MDB-linked cash, shares held by Saudi prince, Najib’s ex-PR man
The Kuala Lumpur High Court today issued orders to freeze 1MDB-linked cash and assets of a Saudi Arabian prince and a former media adviser to former prime minister Najib Abdul Razak.
Judge K Muniandy allowed the prosecution’s restraining order application over US$4.5 million allegedly residing in Prince Faisal Turki Bandar Al-Saud’s bank account in Riyadh, Saudi Arabia, and 12 million shares belonging to Paul Geoffrey Stadlen held in an asset-management company in the United Kingdom.
