KUALA LUMPUR, Sept 27 — Datuk Seri Najib Razak’s application to set aside the Mareva injunction obtained by 1Malaysia Development Berhad (1MDB) and one of its subsidiaries was...
KUALA LUMPUR, Sept 27 — Datuk Seri Najib Razak’s application to set aside the Mareva injunction obtained by 1Malaysia Development Berhad and one of its subsidiaries was rejected by the High Court today.
“Furthermore, it is clarified that the group arguable case standard for a Mareva injunction is not as onerous as contended by the first defendant. The plaintiffs have unquestionably met the standards considering the evidence and legal arguments presented before this court,” Judge Atan said when delivering his decision today.
The injunction also limits Najib from withdrawing no more than RM100,000 per month for living and legal expenses, and if more is required, he would need to get written permission from the lawyers of 1MDB and Global Diversified.
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