The Kuala Lumpur High Court today dismissed the application by the prosecution to forfeit a sum of RM1.31 million from Jakel Trading and Johor Bahru Barisan Nasional (BN), allegedly related to the 1MDB fraudulent fund scandal.
Jakel Trading and Johor Bahru BN allegedly received the monies from former prime minister Najib Abdul Razak amounting RM628,314 and RM677,872.55 respectively.
Judicial commissioner Ahmad Shahrir Mohd Salleh made the decisions after considering the affidavits and submissions made by both prosecution and defence.
Deputy public prosecutor Samihah Rhazali and Mahadi Abdul Jumaat told the court that they will file a formal application for a stay of execution, pending appeal, within 14 days from today.
Lawyers Thevini Nayagam and Habizan Habeeb Rahman represented Jakel Trading while Johor Bahru BN was represented by lawyer Syed Faisal Al-Edros Syed Abdullah Al-Edros.
In June last year, the MACC filed a civil forfeiture suit against 41 entities, comprising individuals, companies and political parties, under the Anti-Money Laundering and Anti-Terrorism Financing Act to recover about RM270 million believed to be linked to 1MDB.
The MACC believed the money was illegally transferred from Najib’s accounts.
- Bernama
No comments:
Post a Comment
Note: Only a member of this blog may post a comment.