Politics

Umno regains access to its CIMB account

TheMole
Written by TheMole

KUALA LUMPUR — July 6, 2020: Umno has regained access to its account at CIMB Bank which was frozen due to investigations relating to beleaguered sovereign fund 1Malaysia Development Berhad. 

The party’s lawyer Tania Scivetti informed the High Court today that she had been instructed to withdraw the application to initiate contempt proceedings against the bank which was supposed to be heard  today.

Judge Mohamed Zaini Mazlan allowed the request.

CIMB’s lawyer Rabindra Nathan told the court Umno had been given access to its account since last Friday.

Umno had on July 2 sought to commence contempt proceedings against CIMB for not complying with a ruling on June 19 in which the High Court dismissed the prosecution’s attempt to stay its decision on a forfeiture application.

The court had on February 7 denied  the government’s application to forfeit RM192,965,413.61 from Umno which the party allegedly received from its former president Datuk Seri Najib Razak.

The application was filed in accordance with the Anti-Money Laundering, Anti-Terrorism Financing and Proceeds of Unlawful Activities Act. The money was frozen by the Malaysian Anti-Corruption Commission.

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