Yayasan Tun Rahah seeks to settle dispute in 1MDB case

Ng will waive extradition to the United States on Friday during an appearance in a court in Malaysia, according to his lawyer Marc Agnifilo.

KUALA LUMPUR: Yayasan Tun Ra­­hah, a scholarship foundation founded by Datuk Seri Najib Razak’s mother, is looking to settle a dispute with the government over its 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 foundation had sent a letter dated July 9 regarding a settlement offer.

“We have received the letter from the respondent regarding a settlement.

“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 yesterday.

Lawyer Amin Othman, who represented Yayasan Rahah, confirmed that the letter was sent.

The court then fixed July 26 for mention.

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

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

The four were Kedah Umno, 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 Najib’s bank account.

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