
Judge Ahmad Shahrir Mohd Salleh asked the Attorney-General’s Chambers (AGC), represented by deputy public prosecutors Budiman Lutfi Mohamed, Norinna Bahadun and Sarah Khalilah Abdul Rahman, on whether they had served the court documents to Petrosaudi International Limited in Saudi Arabia as well as law firm Clyde & Co LLP and a company, Temple Fiduciary Services Limited.
The prosecution said they had yet to serve the papers and asked for an extension of time, which the judge allowed.
During the proceedings last year, only PetroSaudi International’s South American subsidiary company, PetroSaudi Oil Services (Venezuela) Ltd, and company director Tarek Obaid were represented by lawyers Mohd Yusof Zainal Abiden and Alex Tan, respectively.
Previously, another High Court judge, Mohd Nazlan Mohd Ghazali, granted a temporary order restraining PetroSaudi International and Tarek from using the US$340 million kept in Clyde & Co LLP.
The prosecution is contending that the funds belonging to PetroSaudi International and its subsidiary were gained through unlawful activities.
MACC investigating officer Mohd Afiq Abd Aziz, in his affidavit filed for the prohibition order application, said the money was related to a conspiracy involving Tarek, fugitive businessman Low Taek Jho and former prime minister Najib Razak to defraud 1MDB.
The US Department of Justice initiated forfeiture proceedings against Clyde & Co LLP last September to recover the US$340 million.