Umno and three other parties can now get back a total of RM194 million, pending the prosecution’s appeal over related 1MDB forfeiture suits.
The Kuala Lumpur High Court this morning dismissed the prosecution’s application to stay the court’s earlier ruling which dismissed the 1MDB forfeiture suits against Umno, Wanita MCA, Perano Sdn Bhd, and Binsabi Sdn Bhd.
On Feb 7, the court dismissed the government’s forfeiture suits against Umno, Wanita MCA, Perano, and Binsabi to recover RM194 million in monies linked to 1MDB.
The prosecution sought to forfeit RM192 million from Umno, RM300,000 from Wanita MCA, RM337,634.78 from Perano, and RM777,250 from Binsabi.
However, the prosecution later filed an application to stay the ruling and prevent the monies from being released to the four respondents, pending its appeal to the Court of Appeal. The application was then scheduled for hearing today.
When met after proceedings today, deputy public prosecutor Mahadi Abdul Jumaat said today’s ruling does not mean Umno and the three others would get the money immediately.
He said there are a few more administrative steps to be done before that could happen.
[More to follow] - Mkini
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