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Govt attempts to restrain PetroSaudi from using alleged 1MDB funds in UK firm

2020-07-14 14 Dailymotion

The Malaysian government has filed an application in the Kuala Lumpur court seeking to stop PetroSaudi International from using over US$340mil allegedly from 1MDB now in the custody of the company’s UK law firm.<br /><br />The government contended that the money in Clyde & Co LLP was proceeds from unlawful activities.<br /><br />The deputy public prosecutor cited Section 53 of the Anti-Money Laundering, Anti-Terrorism Financing and Proceeds of Unlawful Activities Act (Amla) as basis for its application.<br /><br />WATCH MORE: https://thestartv.com/c/news<br />SUBSCRIBE: https://cutt.ly/TheStar<br />LIKE: https://fb.com/TheStarOnline

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