Court temporarily bars Tarek Obaid, PetroSaudi from using 1MDB-linked funds

The Kuala Lumpur High Court today granted the government’s request for a temporary injunction preventing PetroSaudi International Limited from using over US$340 million (RM1.45 billion) allegedly linked to 1MDB.

The injunction also applied to the oil services company's director Tarek Obaid and three others.

Judge Mohd Nazlan Mohd Ghazali issued the order upon...