THE Malaysian Anti-Corruption Commission (MACC) on Friday filed an application in court for a forfeiture order for movable assets located outside Malaysia under the name of Prince Turki Abdullah Al-Saud.
According to a source, the application was filed under Sections 56(1), 59 and 61(2) of the Anti-Money Laundering, Anti-Terrorism Financing and Proceeds of Unlawful Activities Act 2001 (AMLATFPUAA 2001).
The assets comprise US$115,320,661.63 held in Swiss bank accounts, including with J.P. Morgan (Suisse) SA and UBS Switzerland AG.
“The move was made under legal provisions that allow the MACC to seek the forfeiture of assets believed to be proceeds of unlawful activities, subject to a court order,” said the source as reported by Bernama.
MACC Chief Commissioner Tan Sri Azam Baki, when contacted, confirmed the application. – February 15, 2026
.jpg)
