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27 September 2023

High Court rejected Datuk Seri Najib application to set aside the Mareva injunction





Pada 8 Feb 2022, Mahkamah Tinggi Kuala Lumpur membenarkan permohonan ex-parte bagi injunksi Mareva oleh 1MDB dan Global Diversified Investment Company Limited dalam saman terhadap Najib dan beberapa individu lagi. - Gambar fail




The High Court here rejected Datuk Seri Najib Tun Razak's application to set aside the Mareva injunction obtained by 1Malaysia Development Berhad (1MDB) and one of its subsidiaries, to prevent him from disposing of or reducing the value of any of his assets in Malaysia amounting to US$681 million ( RM3.2 billion).




Judge Atan Mustaffa Yussof Ahmad on Wednesday ruled that the injunction should be maintained until the 1MDB suit is settled.




A Mareva injunction is an order preventing someone from disposing of property pending the resolution of a legal action.




On Feb 8 last year, the High Court here allowed an ex-parte (one-party) application for a Mareva injunction by 1MDB and Global Diversified Investment Company Limited (formerly known as 1MDB Global Investments Limited), which are the first and fifth plaintiffs in the suit against Najib and several individual again.




The injunction also limits Najib from withdrawing money to no more than RM100,000 per month which is required for living expenses and legal expenses but if more is required, he needs to get written permission from 1MDB and Global Diversified's lawyers.

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