Funds seized from Pekan Umno and the Sarawak United People’s Party (SUPP) during investigations into 1MDB have been returned by the Malaysian Anti-Corruption Commission.
The agency returned RM700,000 to Pekan Umno and RM188,138 to SUPP. The money, allegedly linked to 1MDB, had been transferred from the personal bank account of former prime minister Najib Razak.
MACC prosecutor Abdul Rashid Sulaiman told the High Court today that the prosecution is withdrawing its application to stay a previous court decision in dismissing MACC’s application to forfeit the funds seized.
The forfeiture application was dismissed as MACC had failed to prove that the RM700,000 seized from Pekan Umno was the proceeds of an unlawful activity.
The original full article can be found at freemalaysiatoday.com
(Photo: Reuters Pic)