SNAPSHOT | MACC gets transaction freeze for 1MDB-linked Barbados bank; Anwar chairs emergency PKR meet

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MACC gets transaction freeze for 1MDB-linked Barbados bank; Anwar chairs emergency PKR meet

9am

Corruption

• The MACC has obtained a prohibition of transactions order involving approximately US$1.7 million (RM6.7 million) held in two bank accounts at Amicorp Bank and Trust Limited, Barbados, believed to involve misappropriated 1MDB funds.

  The Kuala Lumpur High Court issued the order after it was satisfied with the prosecution’s application under Section 53 of the Anti-Money Laundering, Anti-Terrorism Financing and Proceeds of Unlawful Activities Act 2001.

  

  In a statement, the MACC said the action followed its investigations, which found that between 2014 and 2019, several individuals, including bank account holders and directors of overseas companies, were suspected of receiving, concealing, transferring, and converting proceeds from unlawful activities through company bank accounts in Barbados.

  Following this, the High Court granted a prohibition of financial transactions order involving US$56,285.88 in an account belonging to Lambasa Global Opportunity Fund BV and US$1,649,118.40 in an account belonging to Universal Ventures Fund SCC.

Negeri Sembilan crisis

• Prime Minister and PKR president Anwar Ibrahim chaired an emergency PKR political bureau meeting yesterday.

  This follows the intense political saga in Negeri Sembilan, after 14 Umno members withdrew their support for Menteri Besar Aminuddin Harun.

  

  Yesterday afternoon, Anwar confirmed that Aminuddin will remain menteri besar, following Negeri Sembilan ruler Tuanku Muhriz Tuanku Munawir’s decree.

  Besides the dissenting Umno figures, the 36-seat state legislature has 17 assemblypersons from Pakatan Harapan and five representatives from Perikatan Nasional.

READ MORE: 'Tebuk atap' moves in N Sembilan equal to betrayal of voters' mandate - Loke

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