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Malaysia Fails to Tie $27M Seized From Najib-Linked Residence to 1MDB

Najib s lawyer reiterates alleged 1MDB-linked money recovered in Pavilion condo raid was RM160m, not RM114m

KUALA LUMPUR (March 15): Datuk Seri Najib Razak s lawyer maintained today that the alleged 1Malaysia Development Bhd (1MDB)-linked money recovered during a police raid at the Pavilion Residences condominium three years ago totalled RM160 million, and not RM114 million as claimed by the authorities. The former premier s lead counsel, Tan Sri Muhammad Shafee Abdullah, claimed in the High Court that the police raid at the condominium unit owned by OBYU Holdings Sdn Bhd was not done according to procedure. Sarawak businessman Tan Sri Bustari Yusof owns OBYU. They (police) called the building manager to conduct the raid (in 2018) without the presence of Bustari or Najib. In the end, the search list was given to the building manager, said Shafee.

Court strikes out affidavit on Umno s alleged secret account

Prosecution fails to show how monies seized from OBYU s condo were from 1MDB, argues defence in forfeiture case

KUALA LUMPUR (March 11): A lawyer for UMNO today told the High Court that the prosecution seeking the forfeiture of funds seized from the Pavilion luxury condominium unit owned by OBYU Holdings Sdn Bhd has failed to show how the company had allegedly misappropriated the funds from 1Malaysia Development Bhd (1MDB). Tania Scivetti for UMNO said the prosecution should have named former prime minister Datuk Seri Najib Razak as the respondent in the forfeiture hearing and not OBYU. She added that even with assertion by investigating officers Senior Assistant Commissioner R Rajagopal and Superintendent Foo Wei Min that the money in Najib s accounts was allegedly siphoned from 1MDB during the Goodstar, Tanore and Aabar phases, they did not show material accounts from these three entities to show that the monies seized from the property came from the company.

Court strikes out money trail affidavit on 1MDB-linked forfeiture suit

Court strikes out money trail affidavit on 1MDB-linked forfeiture suit
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