KUALA LUMPUR – The Malaysian Anti-Corruption Commission (MACC) has secured 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.
The action is connected to the ongoing investigation into the misappropriated funds from 1Malaysia Development Berhad (1MDB).
In a statement released on Friday, MACC confirmed that the freezing order was granted on Thursday by Judge Nurulhuda Nur’aini Mohamad Nor of the Kuala Lumpur High Court (Criminal 1).
The order was issued 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 submitted on 7 October, following intelligence suggesting 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 stated.
The court order covers three bank accounts: two with JP Morgan containing US$87,148,732.89 and US$12,777,759.74, and one with UBS Switzerland holding US$15,394,169.
MACC emphasised that the freezing of the accounts underscores its continued commitment to preventing the movement or further use of proceeds linked to illegal activities. – October 10, 2025