RM4.5mil in 1MDB-linked assets forfeited to Malaysian government
In a statement today, 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 in Kuala Lumpur.
"The judge allowed the funds — held in a BSI Bank account under the name Derivale Limited, with Azlin bin 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 MACC's first successful overseas asset recovery through forfeiture without involving prosecution," it added.
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