The Malaysian Anti-Corruption Commission (MACC) has filed a court order to forfeit overseas assets belonging to Prince Turki Abdullah Al Saud.The application to forfeit assets was filed under Sections 56(1), 59 and 61(2) of the Anti-Money-Laundering, Anti-Terrorism Financing and Proceeds of Unlawful Activities Act.Around US$115.3 million held in several Swiss bank accounts is subject to the forfeiture order, including funds in JP Morgan (Suisse) and UBS Switzerland.MACC chief commissioner Azam Baki confirmed the court application on Sunday.Previously, in October 2026, the MACC obtained an order to block US$115.3 million in transactions held in three Swiss bank accounts under the name of Prince Turki Abdullah Al Saud.At the time, the MACC said the move was based on information it received in 2011, alleging that he had received, transferred and used proceeds from the misappropriation of 1Malaysia Development Berhad (1MDB) funds through his bank accounts.
SRCSouth China Morning Post
LANGEN
LEANCenter-Right
WORDS143
ENT6
SUN · 2026-02-15 · 07:44 GMTBRIEF NSR-2026-0215-16375
NSR-2026-0215-16375News Report·EN·Legal & Judicial
Malaysia seeks to seize Saudi prince’s overseas assets worth US$115 million
The Malaysian Anti-Corruption Commission (MACC) is seeking a court order to seize approximately US$115.3 million in overseas assets belonging to Saudi Prince Turki Abdullah Al Saud. The assets, held in Swiss bank accounts including those at JP Morgan (Suisse) and UBS Switzerland, are subject to forfeiture under Malaysia's anti-money laundering laws.
The StarSouth China Morning PostFiled 2026-02-15 · 07:44 GMTLean · Center-RightRead · 1 min
South China Morning PostFIG 01
Reading time
1min
Word count
143words
Sources cited
1cited
Entities identified
6entities
Quality score
100%
§ 01
Briefing Summary
AI-generatedNEWSAR · AI
The Malaysian Anti-Corruption Commission (MACC) is seeking a court order to seize approximately US$115.3 million in overseas assets belonging to Saudi Prince Turki Abdullah Al Saud. The assets, held in Swiss bank accounts including those at JP Morgan (Suisse) and UBS Switzerland, are subject to forfeiture under Malaysia's anti-money laundering laws. The MACC chief commissioner confirmed the application, which follows a previous order in October 2026 to block transactions involving the same amount in the prince's accounts. The MACC alleges the funds are proceeds from the misappropriation of 1Malaysia Development Berhad (1MDB) funds, based on information received in 2011 indicating the prince received, transferred, and used these funds.
Confidence 0.85Sources 1Claims 5Entities 6
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Article analysis
Model · rule-basedFraming
Legal & Judicial
Economic Impact
Tone
Measured
AI-assessed
CalmNeutralAlarmist
Factuality
0.90 / 1.00
Factual
LowHigh
Sources cited
1
Limited
FewMany
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Key claims
5 extracted01
The MACC obtained an order to block US$115.3 million in transactions held in three Swiss bank accounts under the name of Prince Turki Abdullah Al Saud in October 2026.
factualArticle Body
Confidence
1.00
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MACC chief commissioner Azam Baki confirmed the court application on Sunday.
quoteAzam Baki
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Around US$115.3 million held in several Swiss bank accounts is subject to the forfeiture order.
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The MACC has filed a court order to forfeit overseas assets belonging to Prince Turki Abdullah Al Saud.
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Confidence
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Malaysia seeks to seize Saudi prince’s overseas assets worth US$115 million.
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Confidence
1.00
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Full report
1 min read · 143 words§ 05
Entities
6 identified§ 06
Keywords & salience
9 termsprince turki abdullah al saud
1.00
asset forfeiture
0.90
money laundering
0.80
1mdb
0.80
anti-corruption
0.70
malaysia
0.70
swiss bank accounts
0.70
overseas assets
0.60
financial crime
0.60
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