Govt fails to forfeit 1MDB assets

KUALA LUMPUR: The government has failed to forfeit multi-million-ringgit assets said to be linked to 1Malaysia Development Bhd (1MBD) that were seized from Datuk Seri Najib Razak and his family as well as other individuals and entities in 2018.

This is following the High Court’s decision that dismissed the government’s application to forfeit the assets, which included designer handbags, vehicles and cash in various currencies.