The High Court here today dismissed the prosecution’s applications to forfeit over RM194 million allegedly linked to the 1Malaysia Development Berhad fraudulent fund scandal that were seized from Umno, Wanita MCA, and two companies. Binsabi Sdn Bhd and Perano Sdn Bhd,
The forfeiture applications against Umno involved RM192,965,413.61 and RM300,000 against Wanita MCA, while the two companies are Perano Sdn Bhd, which sells hijab, and Binsabi Sdn Bhd, which supplies tents, involving RM337,634.78 and RM827,250, respectively, which they allegedly received from the former prime minister.
“The withdrawals from the respondent’s bank account from the time the money was deposited justified the respondent’s contention that the monies had long been spent. Following which, deputy public prosecutor Mahadi Abdul Jumaat , who appeared with deputy public prosecutor Samihah Rhazali, for the prosecution, applied for a stay of today’s ruling, saying that the prosecution would be filing an appeal next week against the decision.