KUALA LUMPUR, March 29 1Malaysia Development Berhad (1MDB) and one of its subsidiaries obtained ad interim injunction from the High Court here to prevent wanted businessman Low Taek Jho or “Jho Low” from transferring or dissipating any of his assets in Malaysia amounting to US$1.03 billion.
The High Court (civil division) on Tuesday (March 15) granted a Mareva injunction sought by 1Malaysia Development Bhd (1MDB) and its four subsidiaries to bar a total of US$1.432 billion from being transferred or dissipated by fugitive businessman Low Taek Jho (aka Jho Low) and his father Tan Sri Larry Low Hock Peng from Malaysia or elsewhere.
1MDB and four subsidiaries secured an ex parte Mareva injunction against ex-prime minister Datuk Seri Najib Razak over the US$681 million (RM2.85 billion) they were seeking to reclaim from him
KUALA LUMPUR, Feb 8 1MDB and four subsidiaries secured an ex parte Mareva injunction against ex-prime minister Datuk Seri Najib Razak over the US$681 million (RM2.85 billion) they were seeking to reclaim from him. According to The Edge Markets, the asset freezing also limited Najib to.