1mdb Prosecution Applies For Stay Of Ruling On Return Of Rm194m Seized

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The prosecution has applied for a stay of execution of a High Court order for the return of RM194 million that was seized by the MACC from Umno, Wanita MCA and two companies, Binsabi Sdn Bhd and Perano Sdn Bhd
The monies were seized by MACC last year for alleged links to the 1MDB fraudulent fund scandal
Deputy public prosecutor Samihah Rhazali said the stay application was filed on Friday pending the hearing of its appeal against the court’s decision on the ruling at the Court of Appeal
She told this to reporters after the case management in the chambers of High Court deputy registrar Catherine Nicholas

On Feb 7, the High Court dismissed the prosecution’s applications to forfeit the monies that were seized from the four entities
Judge Mohamed Zaini Mazlan dismissed the applications on the grounds that the monies could not be convincingly said were received from former prime minister Najib Abdul Razak (below) and there was no evidence to prove the monies came from unlawful activities
The forfeiture applications against Umno involved RM192,965,413.61 and RM300,000 against Wanita MCA, while Perano Sdn Bhd, which sells hijab, and Binsabi Sdn Bhd, which supplies tents, involved RM337,634.78 and RM827,250 respectively, which they allegedly received from the former prime minister
However, the prosecution applied for a stay of the ruling pending the filing of its appeal
The judge then gave an interim order for the accounts to remain frozen until the disposal of the stay application and instructed the prosecution to file a notice of appeal by next Friday
The judge then issued an interim order for the accounts to remain frozen until the disposal of the stay application
During today’s proceeding, Samihah said the court also set March 10 for case management on the prosecution’s application against Binsabi Sdn Bhd
She said the court set March 2 for Binsabi, represented by lawyer Mohd Khalil Tajuddin, to file its affidavit in reply to the prosecution’s application
- Bernama

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