1MDB TRIAL | The money was supposed to be part of joint venture with PSI.

Court is satisfied that there is sufficient evidence to allow the application.

The funds are being held by a law firm via a client's account.

1MDB TRIAL | Ex-PM's legal team to strengthen defence against RM2.27b abuse of power, money laundering case.

For 10 long years, we fought tirelessly, says Justo.

'Prosecution failed to show evidence of money laundering.'

Venture is between an entity linked to Petrosaudi International and Venezuelan govt.

Defence contends Najib never instructed 1MDB board to proceed with JV. 

KL High Court judge Ahmad Shahrir Mohd Salleh will be presiding over the suit.

Hearing vacated due to extension of conditional MCO in the Klang Valley.

This is due to 'new development where parties need to review their respective position and take instruction'.

Tarek Obaid is a key figure in the botched 1MDB-PSI joint venture.

The money is to be used for the payment of business expenses and legal fees.

UPDATED 3.10PM | The bar is in force until the court hears the main asset forfeiture application on Aug 28.

The move is to prohibit Petrosaudi and its director Tarek Obaid from using a US$340 million fund owned by 1MDB.

He says consent was not obtained due to time constraints and the 'need to get things done'.

Najib agreed to 1MDB lending US$750 million to PSI, subject to 1MDB getting the loan from Socso.

UPDATED 3.47PM | NAJIB TRIAL | The PSI joint-venture would eventually see at least US$1.83b of 1MDB funds misappropriated.