Court sets Dec 11 for govt's bid to prevent PSI from using 1MDB funds

The Kuala Lumpur High Court today fixed Dec 11 to decide on the government’s application to block PetroSaudi International Ltd (PSI) and its director Tarek Obaid from using US$340 million (RM1.61 billion) linked to 1MDB held in a client’s account at a law firm in the United Kingdom.

Judge Ahmad Shahrir Mohd Salleh set the date during a proceeding, which was attended by deputy public prosecutor Norinna Bahadun, PSI’s lawyer Alex Tan and Obaid’s counsel Mohd Yusof Zainal Abiden.