MACC has obtained a court order to restrain the trading of 2.5 million shares in Palantir Technologies Inc registered under the name of Tarek Essam Ahmad Obaid, better known as Tarek Obaid.

High Court judge Azhar Abdul Hamid issued the order today under Section 53 of the Anti-Money Laundering, Anti-Terrorism Financing, and Proceeds of Unlawful Activities Act 2001, following an application filed by MACC on Sept 26.

In a statement, MACC said the application was based on...