Local

MACC loses yet another forfeiture suit linked to 1MDB

TheMole
Written by TheMole

KUALA LUMPUR — July 10, 2020: The Malaysian Anti-Corruption Commission has lost another of its forfeiture cases relating to money said to originate from sovereign fund 1Malaysia Development Berhad, this time for RM3 million from IT firm AGA Touch (M) Sdn. Bhd.

Judge Datuk Muhammad Jamil Hussin ruled that the prosecution had failed on a balance of probability to prove that the amount in the bank account of AGA Touch came from unlawful activities.

He further noted that AGA Touch had never denied that it received the money from former prime minister Datuk Seri Najib Razak, who was Umno president in 2014.

The court agreed with the respondent’s contention that the money was for its services to Umno and that the amount had been used for business operations by the time the authorities seized the account.

Counsel Datuk Hariharan Tara Singh for AGA Touch applied for the money to be released to his client immediately but MACC prosecutor Farah Yasmin Salleh made an oral application for an interim stay of today’s decision pending an appeal but the application was rejected.

AGA Touch’s bank account was frozen by the MACC on June 29, 2018.

Hariharan will be writing to Public Bank to immediate free the account which had been frozen for over two years.

Comments

comments

About the author

TheMole

TheMole