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.
Monday, 08 Feb 2021 08:44 PM MYT
Datuk Seri Nazir Razak speaks at media briefing and Q&A session during CIMB 10th Annual Malaysia Corporate Day in Kuala Lumpur in this file picture taken on January 4, 2018. Picture by Yusof Mat Isa
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Another former CIMB senior ex-banker, Tan Hong Kheng is also set to join as an independent non-executive director on the same date.