KUALA LUMPUR — Aug. 21, 2019: Former 1MDB CEO Arul Kanda Kandasamy has withdrawn an application for a court order after the Malaysian Anti-Corruption Commission unfroze his two Central Depository System accounts yesterday.
The application was filed two days ago on grounds that the action was invalid.
Met by reporters after the proceedings, his lawyer Datuk N. Sivananthan said nine accounts belonging to Arul Kanda were frozen by the MACC after he was linked to the 1MDB money laundering case, reports Bernama.
The nine involved seven private accounts and two CDS accounts. No prosecution or forfeiture action was done throughout the frozen period and it was for this reason the application was filed.
Last December 12 Arul Kanda pleaded not guilty to a charge of abetting former prime minister Datuk Seri Najib Razak in altering a 1MDB final audit report.
On January 4 a judge allowed a prosecution application to have a joint trial for both, with the hearing fixed to begin on November 18.