Foundation set up by Najib's mum seeks out-of-court settlement in 1MDB asset forfeiture


KUALA LUMPUR: Yayasan Rahah, a foundation established by former prime minister Datuk Seri Najib Razak's mother Tun Rahah Mohd Noah, is seeking an out-of-court settlement over the government's application to forfeit assets relating to 1Malaysia Development Bhd (1MDB).

Deputy Public Prosecutor Nik Haslinie Hashim told High Court judge Justice Mohd Nazlan Mohd Ghazali that the scholarship foundation had sent a letter dated July 9 over a settlement offer.

"We ask for a short date for us to refer the letter to the legal department of the Malaysian Anti-Corruption Commission (MACC)," she said here on Friday (July 12).

Lawyer Amin Othman, who represented Yayasan Rahah, confirmed that a letter had been sent.
The court then fixed July 26 for mention.

When met by press, Nik Haslinie said two more respondents – Umno Pekan and its education bureau chairman Datuk Ibrahim Awang Ismail – would be applying to strike out the forfeiture suits against them.

Earlier, the court allowed the prosecution to publish a notice for third parties with an interest in assets seized from four respondents.

The four are Umno Kedah liaison, Maran MP Datuk Seri Dr Ismail Abd Muttalib, Sarawak United People's Party and Habib Jewels Sdn Bhd.

MACC chief Latheefa Koya recently said forfeiture suits were brought against 41 respondents to recover about RM270mil of 1MDB funds allegedly channelled to the respondents through former prime minister Datuk Seri Najib Razak's bank account.

She said the action was taken under the Anti-Money Laundering and Anti-Terrorism Financing Act 2001.


   

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