KUALA LUMPUR: An application to forfeit a sum of RM10,747,042.77 seized by the Malaysian Anti-Corruption Commission (MACC) from Jakel Trading Sdn Bhd, believed to be linked to the 1MDB scandal, has been rejected.
High Court judge Justice Muhammad Jamil Hussin made the decision after he was satisfied that the payment received by Jakel Trading, as the respondent, was a regular business transaction.
“In this case, what should be determined by the court is whether the seized sum was the result of illegal activity.
“The respondent should not be blamed and punished for receiving payment for the goods supplied.
“On the balance of probabilities, the applicant has failed to prove the asset was the result of illegal activity, ” he said.
Deputy public prosecutor Farah Yasmin Salleh from MACC applied for a stay of execution, pending an appeal.
Justice Muhammad Jamil then asked MACC to file an application within seven days.
Also present at yesterday’s proceedings were lawyers Thevini Nayagam and Habizan Habeeb Rahman, representing Jakel Trading. -— Bernama
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