Najib’s application to lift injunction on 1MDB frozen assets set for May 26

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$681 million (RM2.93 billion) will be heard on May 26 at the High Court in Kuala Lumpur.

On February 8 last year, the court allowed the ex-parte application for a mareva injunction by 1MDB and Global Diversified Investment Company Limited (formerly known as 1MDB Global Investments Limited), both as first and second plaintiffs, in the 1MDB lawsuit against Najib and several other individuals.