KUALA LUMPUR: Datuk Seri Najib Razak’s application to set aside the mareva injunction obtained by 1Malaysia Development Berhad (1MDB) and one of its subsidiaries to stop the former prime minister from disposing of or dissipating its assets in Malaysia worth US$681mil will be heard on May 26 at the High Court here.
On Feb 8 last year, the court allowed the ex-parte application for a mareva injunction by 1MDB and Global Diversified Investment Company Limited , both as first and second plaintiffs, in the 1MDB lawsuit against Najib and several other individuals.
"The court also extended the ad interim injunction obtained by Najib till the mareva injunction is heard and decided,” he said. The injunction also limited Najib to withdrawals of not more than RM100,000 a month for his living expenses and legal fees, and he would have to obtain written permission from 1MDB and Global Diversified counsels if he needed funds in excess of the total.
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