Application for papers on 1MDB settlement withdrawn

KUALA LUMPUR: The Malaysian Anti-Corruption Commission (MACC) has withdrawn its application to obtain documents from two lawyers involved in the government’s settlement with Ambank and Goldman Sachs over the 1Malaysia Development Berhad (1MDB) case.

The MACC, through two letters dated Nov 29 sent to the court, stated that it did not intend to continue with the application and requested a new date for case management.

A check by Bernama found that the case is set for mention tomorrow.

Last Oct 11, the MACC filed two applications at the High Court to obtain documents from Chetan Jethwani and his law firm, Chetan Jethwani & Co, and Rosli Dahlan and Rosli Dahlan Saravana Partnership.

The MACC requested that the respondents submit 10 documents, including their letters of appointment as lawyers for Goldman Sachs (Chetan) and 1MDB (Rosli), their bank account statements and the bank account statements of their companies.

MACC argued that the documents are needed to identify the role and actions of the two lawyers, who are suspected of working with Goldman Sachs and other parties in the 1MDB settlement process.

The settlement announced in July 2020 called for Goldman Sachs to pay US$2.5bil while guaranteeing the return of US$1.4bil of 1MDB assets seized by authorities around the world, in exchange for Malaysia dropping charges against the US-based bank.

Last Nov 3, Rosli, in applying to strike out the application by MACC, said that the agency did not have the legal position or locus standi to obtain the document.

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