High Court to decide Jan 7 on freeze of Rosmah's US$346mil assets

The High Court in Malaysia has set a date of January 7, 2025, to decide whether to freeze assets worth up to US$346 million belonging to Datin Seri Rosmah Mansor. The decision will be made in response to a Mareva injunction application filed by 1Malaysia Development Bhd (1MDB) and 10 other companies. The injunction aims to prevent Rosmah from disposing of or dealing with assets, including cash, shares, property, and other assets, pending the resolution of a lawsuit over luxury goods allegedly acquired using misappropriated 1MDB funds.

The plaintiffs, including 1MDB and various subsidiaries, are seeking an order for Rosmah to pay US$346,010,489 or another appropriate amount, as well as a declaration that they are the lawful owners of the luxury goods in question. The case management hearing took place today, attended by Rosmah's lawyer Sheena Stephanie Sebastian and counsel Henna Nikita Sanghvi, representing 1MDB.

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