Fugitive Low Taek Jho and his father Tan Sri Larry Low Hock Peng have been sentenced to prison by the High Court on Monday (Oct 17) for not abiding by the Mareva injunction, or order to freeze their assets, granted to 1Malaysia Development Bhd (1MDB) and its subsidiary Global Diversified Investment Company Ltd last April 20.
KUALA LUMPUR: 1Malaysia Development Bhd (1MDB) and a subsidiary have obtained an ex-parte injunction from the High Court against Datuk Seri Najib Razak to effectively freeze his assets, including limiting his monthly bank withdrawals to RM100,000.
KUALA LUMPUR: Datuk Seri Najib Razak can only withdraw up to RM100,000 from his bank accounts monthly, this after 1Malaysia Development Bhd (1MDB) and a subsidiary obtained an ex parte injunction from the High Court.