Here’s a question — does a thief have a right to profits he made using stolen money?
On Oct 3, 2025, the Malaysian High Court barred Tarek Obaid, co-founder of PetroSaudi International and a key player in the massive 1MDB scandal, from accessing or trading his 2½ million shares in US software company Palantir Technologies. The freeze order thereby allowed the Deputy Public Prosecutor’s application under Section 53 of the Anti-Money Laundering, Anti-Terrorism Financing and Proceeds of Unlawful Activities Act 2001 (AMLA).
