Kuala Lumpur: The Federal Court has dismissed Najib Razak’s bid to set aside a Mareva injunction that restrains him from transferring or dissipating RM42 million worth of his assets in view of SRC International Sdn Bhd’s lawsuit against him.
A Mareva injunction is a temporary order which restrains a defendant from disposing of assets pending the disposal of a civil suit.Justice Nallini Pathmanathan, who headed a three-member bench, said today that Najib had failed to satisfy the legal requirements that warrant the apex court to hear his appeal to set aside the Mareva injunction against him.
They obtained the Mareva injunction before the High Court in 2022. The Court of Appeal also affirmed the injunction order.Under the injunction’s terms, Najib must not remove, dispose, deal with or diminish his assets in and outside of Malaysia up to the value of RM42 million, pending the final determination of the suit.
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