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RM114m seized at Pavilion condo returned to Najib — source
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Physical inspection on 11,991 jewellery items in forfeiture case deferred
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Forfeiture case: Court told Najib, Rosmah, owner of Lebanese jewellery firm yet to physically inspect 11,991 items due to lockdown rules | Malaysia
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Forfeiture case: Najib and Rosmah s inspection of 11,991 jewellery items postponed
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KUALA LUMPUR: The government has failed in its application to forfeit RM114mil allegedly belonging to Umno and former prime minister Datuk Seri Najib Razak that was seized from premises belonging to Obyu Holdings Sdn Bhd.
This followed a decision by High Court judge Datuk Muhammad Jamil Hussin in dismissing the application by the prosecution to forfeit the money that was seized by the police at Pavilion Residences on May 17,2018.
In dismissing the application, Muhammad Jamil said the applicant had failed to prove that the money, amounting to RM114,164,393.44, was proceeds from money laundering.
However, he made no order for the money, which is with Bank Negara Malaysia, to be returned to the owners.