Yayasan Rahah, Pekan Umno education bureau chairperson settle 1MDB forfeiture suits
Yayasan Rahah and Pekan Umno's education bureau chairperson Ibrahim Awang Ismail have settled the 1MDB forfeiture suits against them.
The settlement was recorded by Kuala Lumpur High Court judge Mohd Nazlan Mohd Ghazali during case management of the two legal actions today...
Yayasan Rahah and Pekan Umno's education bureau chairperson Ibrahim Awang Ismail have settled the 1MDB forfeiture suits, which sought to forfeit RM839,489.82 and RM100,000 respectively from the duo.
The settlement was recorded by Kuala Lumpur High Court judge Mohd Nazlan Mohd Ghazali during case management of the two legal actions today.
DPP Allan Suman Pillai and lawyer Amin Othman confirmed with Nazlan over the settlement with the terms remaining undisclosed.
It was previously reported that Yayasan Rahah and Ibrahim had sent letters of representation to the Attorney-General’s Chambers (AGC) to try and reach a global settlement on the matter.
“We have agreed to a consent judgment so that the RM839,489.82 (sought) by the prosecution (in the forfeiture suit against Yayasan Rahah) is forfeited to the government of Malaysia,” Pillai said.
At this juncture, Amin stood up and told the court that among the terms of the settlement is that the actual terms be allowed to remain undisclosed.
“All parties have agreed to a consent judgment today. Among the terms of the settlement is that for the terms not be disclosed to the media.
“We seek to record the terms in (Nazlan’s) chambers,” Amin said, to which the judge allowed.
Nazlan then ruled that due to the consent judgment reached between the prosecution and Yayasan Rahah, the court now regards that the prosecution will not proceed with the main action anymore.
In regards to the other forfeiture suit against Ibrahim, Allan informs the court that the terms of the settlement are the same as in the Yayasan Rahah matter.
Amin concurred, adding that the parties also seek to record the terms of settlement in chambers in order to maintain confidentiality.
Nazlan then allows the application to settle the suit, ruling that the court now also considers the prosecution would not proceed with the main legal action against Ibrahim.
Yayasan Rahah and Ibrahim are among 41 individuals and groups from whom MACC is seeking to seize assets worth a total of RM270 million.
Report this comment
Are you sure you want to delete this comment?
This action cannot be undone.