21 November 2019, Thursday | 10:00am

Notice to be issued for parties to claim RM700k of 1MDB-linked assets

2019-09-06
KUALA LUMPUR: The Malaysian Anti-Corruption Commission (MACC) has been given two months from today (Aug 6) to gazette a forfeiture notice to call upon any third party interested in claiming assets worth RM700,000 allegedly acquired using funds siphoned from 1Malaysia Development Bhd (1MDB).
 
High Court judge Mohd Nazlan Mohd Ghazali made the order after allowing the prosecution’s application to gazette the notice of forfeiture claim against 41 respondents, including Umno Pekan and the political party’s former president, Datuk Seri Najib Razak.
 
The court fixed Nov 15 for the notice of the gazette to be executed after MACC deputy public prosecutor Allan Suman Pillai asked for a two-month period to implement the process.
 
Among other respondents in the MACC’s civil forfeiture application are Pekan Umno vice chief Datuk Khairuddin Mahmud, Pekan Umno deputy chief Datuk Seri Zamri Ramly, Pekan Puteri Umno chief Sida Tatiana Sariat and Najib’s son – Pekan Umno Youth chief Datuk Muhamed Nizar.
 
The publication of the notice under Section 61 (2) of the Anti-Money Laundering, Anti-Terrorism Financing and Proceeds of Unlawful Activities Act 2001, is meant to summon any third party which may claim to have any interest in the property, to come before the court on the date specified in the notice, to show cause as to why the property shall not be forfeited to the government.
 
Earlier, counsel Datuk M Reza Hassan, who represented all the respondents, made an oral application to stay the forfeiture proceedings pending an appeal at the Court of Appeal.
 
Allan, however, objected to the application saying that the proceedings would not get in the way of the appeal process.
 
The court then fixed Oct 3 to hear the stay application.
 
 
Picture credit - Bloomberg

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