Malaysia
1MDB scandal: Businessman seeks to settle RM11.9m forfeiture suit
General view of the MACC headquarters in Putrajaya June 21, 2019. u00e2u20acu201d Picture by Choo Choy May

KUALA LUMPUR, Oct 4 — Businessman Tan Sri Bustari Yusuf will submit a representation letter to the Attorney General’s Chambers to settle the forfeiture suit involving RM11.9 million belonging to him which was seized by the Malaysian Anti-Corruption Commission (MACC) for being allegedly linked to 1Malaysia Development Bhd (1MDB) funds.

The matter was informed by counsel Datuk Kamarul Hisham Kamaruddin, representing Bustari as respondent, during today’s proceeding of the case which was scheduled for hearing before High Court Judge Collin Lawrence Sequerah.

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Kamarul Hisham said the team objected the government’s forfeiture bid on grounds the prosecution had used a wrong method in filling the suit.

He said that they would file in a representation letter to the AGC in the near future and the court set November 1 for the case management for the development of the representation.

Earlier, MACC deputy public prosecutor Mahadi Abdul Jumaat said today was set for hearing of the case, but they had received written submissions from the respondent two days ago.

"We need time to study and provide answers as there are important issues that are included in the written submissions of the respondent who made preliminary objection against the application filed by the applicant (prosecution),” he said.

MACC chief commissioner Latheefa Koya told a press conference recently that the prosecution filed forfeiture applications against 41 respondents in a bid to recover about RM270 million related to 1MDB.

She said MACC acted under the Anti-Money Laundering and Anti-Terrorism Financing Act as it believes the money concerned was actually 1MDB funds transferred from the account of former prime minister Datuk Seri Najib Tun Razak. — Bernama

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