Matthias: ‘Right govt’ will get award money

mattias

KUALA LUMPUR: Any money awarded in the class action suit filed by Matthias Chang and ex-PAS leader Husam Musa, should it succeed, will go to “the right government”.

They duo said this at a press conference today in Bangsar, held to explain why they filed a suit in New York to recover money said to have been stolen from 1MDB.

“We are acting as representatives in a class action. Husam and I will not receive anything,” Chang told reporters when questioned as to where the money would go.

“Whatever award made by the court will be held in trust for the rakyat. When there’s a change of government, it will go to the right government. Not the wrong government.

“The leaders will have custody of the money,” the former political secretary to former prime minister Dr Mahathir Mohamed added.

Chang’s lawyer, Zainur Zakaria, pointed to one of the claims for relief listed in the suit filed by the duo. It states:

“The Court should impose a constructive trust over these tangible assets and ensure that the tangible assets are restored to the Fund or to Plaintiffs”.

The suit which Chang and Husam filed is in response to the United States Department of Justice (DoJ) suit, filed in July, which named the stepson of Umno president and Prime Minister Najib Razak, Riza Aziz, businessman Low Taek Jho (better known as Jho Low), Riza’s film company Red Granite Pictures, Goldman Sachs Group Inc, and several others as defendants.

Chang and Husam’s suit points to assets listed by the US DoJ in its verified complaints for asset forfeiture in rem, which the suit claims were obtained from money allegedly misappropriated from 1MDB.

The assets include a “Park Laurel condominium overlooking Central Park”, Park Lane Hotel in Central Park South, New York, and a residential home in Los Angeles.

Chang and Husam’s suit also states that according to the US government’s verified complaint and various news accounts, Riza and Jho Low spent much of the fund’s money in the United States on real estate, business ventures, yachts, parties, artwork, clothing, jewellery, and other luxuries.

The suit by Chang and Husam, which was filed on Tuesday, is seeking damages for the alleged theft of 1MDB funds as well as to recover assets allegedly bought using the stolen funds.