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ANTI-corruption authorities have successfully obtained a court order to freeze over US$115 million (approximately RM486.4 million) held in three Swiss bank accounts under the name of Prince Turki Abdullah Abdulaziz Al-Saud, in connection with misappropriated funds from 1Malaysia Development Berhad (1MDB).
The Malaysian Anti-Corruption Commission (MACC) said in a statement on Friday that the blocking order was issued on Thursday by Judge Nurulhuda Nur’aini Mohamad Nor of the Kuala Lumpur High Court (Criminal 1), under Section 53 of the Anti-Money Laundering, Anti-Terrorism Financing and Proceeds of Unlawful Activities Act 2001 (AMLATFPUAA).
The application to block the funds was filed on 7 October after authorities received intelligence indicating that the money was linked to the 1MDB scandal.
“Information received in 2011 revealed that Prince Turki Abdullah Abdulaziz Al-Saud had received, transferred, and utilised proceeds from the misappropriated 1MDB funds through his personal bank accounts,” the MACC said.
The freeze covers three accounts: US$87,148,732.89 and US$12,777,759.74 held in two accounts with JP Morgan, and US$15,394,169 with UBS Switzerland.
The MACC stressed that the action reflects its ongoing commitment to prevent proceeds from unlawful activities from being used or transferred to other parties. - October10, 2025