Latest news with #AzlinAlias
Malay Mail
a day ago
- Business
- Malay Mail
MACC wins first overseas asset recovery without trial, claims RM4m from 1MDB-linked Swiss funds
KUALA LUMPUR, June 14 — The Malaysian Anti-Corruption Commission (MACC) has obtained a forfeiture order against USD954,299.58 (approximately RM4.05 million) held in a BSI Bank account in Switzerland, linked to the misappropriation of 1Malaysia Development Berhad (1MDB) funds. In a statement today, the MACC said this marks the commission's first successful recovery of overseas assets without having to pursue prosecution. The High Court's approval was granted by Justice K Muniandy after the deputy public prosecutor informed the court that there were no objections or claims raised by any party during proceedings before the High Court (Criminal Division 2) in Kuala Lumpur earlier today. In his judgment, Justice Muniandy allowed the forfeiture of the funds held in a bank account under the name Derivale Limited, with Azlin Alias named as the beneficiary. The funds are now forfeited to the Government of Malaysia through the MACC. The forfeiture was granted under Section 56 of the Anti-Money Laundering, Anti-Terrorism Financing and Proceeds of Unlawful Activities Act 2001, the statement read. — Bernama
New Straits Times
2 days ago
- Business
- New Straits Times
MACC secures RM4.5mil from Swiss bank account linked to1MDB scandal
KUALA LUMPUR: The Malaysian Anti-Corruption Commission (MACC) has secured the forfeiture of US$954,299.58 (RM4.5 million) from a Swiss bank account linked to the 1Malaysia Development Berhad (1MDB) scandal. In a statement today, the MACC said the forfeiture was granted by High Court judge Muniandy Kannyappan after the deputy public prosecutor informed the court that no objections or third-party claims were filed during proceedings at the High Court (Criminal 2) in Kuala Lumpur. "The judge allowed the funds, held in a BSI Bank account under the name Derivale Limited, with Azlin Alias listed as the beneficiary, to be forfeited to the Malaysian government," the statement read. The forfeiture was made under Section 56 of the Anti-Money Laundering, Anti-Terrorism Financing and Proceeds of Unlawful Activities Act 2001 (AMLATFPUAA 2001). "This marks the MACC's first successful overseas asset recovery through forfeiture without involving prosecution," it added.
