Justice K Muniandy allowed the application by deputy public prosecutor Mahadi Abdul Jumaat against Tarek, whose real name is Tarik Essam Ahmad Obaid, London-based jewellery company SJ Phillips Limited, and Malca-Amit Far East Limited which operates a vaulting facility in Hong Kong.

The applications were made under Section 41 of the Anti-Money Laundering, Anti-Terrorism Financing and Proceeds of Unlawful Activities Act 2001 and Section 28 of the Malaysian Anti-Corruption Commission Act 2009.

The order prevents the two companies from engaging in any transactions involving the jewellery, including transferring, selling, or forfeiting the items. It also prohibits any individual in possession of the jewellery from carrying out related dealings.

Mahadi informed the court that this was the prosecution’s third attempt to serve a notice on Malca-Amit Far East Limited.

“The Attorney-General’s Chambers served the notices via the authorities in Hong Kong, but we did not receive any feedback from them.

“The previous two notices have expired,” he said.

It is understood that the first and second notices were issued in 2023 and 2024, respectively.

The Swiss federal criminal court sentenced Obaid to seven years in prison last August, while another person, Patrick Mahony, received a sentence of six years.

According to the indictment, the two executives defrauded 1MDB of US$1.8 billion to enrich themselves, with Obaid receiving at least US$805 million and Mahony at least US$37 million.

They were accused of creating the fraudulent scheme with fugitive financier Jho Low.

Both Obaid and Mahony are appealing against their sentences.