High Court rules that the injunction against Najib Razak or his agents, freezing his assets in relation to 1MDB’s claim of US$681 million, be retained until the disposal of the suit.
00:00 The High Court has rejected Najib Razak's bid to lift the Murewa injunction which prevents him from dissipating his assets to a value below 681 million US dollars.
00:10 Justice Atta Mustafa Yusuf Ahmad ruled that the injunction will remain until the end of a civil suit for 681 million US dollars brought by 1MDB against the former Prime Minister.
00:20 Last year, 1MDB secured an injunction against Najib and his agents, putting a freeze on his assets pending the resolution of the lawsuit.
00:28 The court order, however, permitted Najib to withdraw RM100,000 each month to cover his daily expenses and legal bills.
00:36 Atan Sid, 1MDB and its subsidiary companies had successfully demonstrated a compelling case against Najib.
00:42 He also said Najib had given inconsistent accounts about a sum of RM114 million seized by authorities at pavilion residences after the 2018 general election.
00:53 The judge rejected Najib's claim that the money was held in trust for UMNO as he did not take steps to transfer the funds to the party after relinquishing the party's presidency.
01:03 Atan also took Najib to task for not fully disclosing his assets, calling it a blatant disregard of his obligations under a court order.
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