KUALA LUMPUR — June 9, 2020: The High Court has dismissed the prosecution’s application to forfeit RM1.31 million from Jakel Trading and Johor Baru Barisan Nasional.
The amount was allegedly related to the 1MDB controversy and received from former prime minister Datuk Seri Najib Razak.
Jakel and Johor Baru BN were said to have received RM628,314 and RM677,872.55 respectively.
Judicial Commissioner Ahmad Shahrir Mohd Salleh made the decision after considering the affidavits and submissions by both sides, with the prosecution later saying it would file an application for a stay of execution pending appeal.
The Malaysian Anti-Corruption Commission had filed civil forfeiture suits 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 and illegally transferred from Najib.