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Malaysian court orders freeze on Najib’s assets

KUALA LUMPUR (CNA) – Malaysia’s High Court has granted an injunction against former prime minister Najib Razak to effectively freeze his assets, including limiting his monthly bank withdrawals to MYR100,000 (USD24,000).

According to Malaysian media reports, the application for the injunction was filed at the High Court on Tuesday by 1Malaysia Development Bhd (1MDB) and four of its subsidiaries.

The court order as sighted by The Star was related to a lawsuit filed by 1MDB and its subsidiaries 1MDB Energy Holdings Ltd, 1MDB Energy Ltd, 1MDB Energy (Langat) Ltd and Global Diversified Investment Company Ltd.

More details on Thursday’s Borneo Bulletin