Politics · Malaysia Bureau
Court allows 1MDB to use Singapore woman's affidavit in asset freeze bid
The Court of Appeal in Putrajaya has permitted 1Malaysia Development Berhad and related companies to submit an affidavit from a Singaporean woman as evidence in their attempt to freeze assets worth RM1.41 billion linked to former Prime Minister Najib Razak's wife Rosmah Mansor.
LSN Malaysia ·
PUTRAJAYA — The Court of Appeal has granted 1MDB and associated entities permission to include an affidavit from a Singapore-based woman in their legal proceedings aimed at freezing approximately RM1.41 billion in assets allegedly connected to Rosmah Mansor.
The ruling, delivered on Tuesday, represents a significant development in 1MDB's efforts to recover funds related to the state investment fund's financial crisis. The decision allows the affidavit to be entered into evidence as the court considers the merits of the asset freeze application.
1MDB has pursued multiple legal avenues to recover funds it alleges were misappropriated during Najib Razak's tenure as Prime Minister. The case forms part of broader legal proceedings linked to the 1MDB scandal, which has resulted in numerous criminal charges and civil actions across multiple jurisdictions.
The asset freeze, if granted in full, would represent one of the largest seizures of assets in relation to the 1MDB investigation. The proceedings continue as authorities in Malaysia and internationally work to recover funds allegedly diverted from the development fund.