RM4.9 million forfeited from Yayasan Permata

KUALA LUMPUR: The High Court here today allowed the government’s application to forfeit RM4.9 million in funds from 1MDB from early childhood education foundation Yayasan Permata, now rebranded as Yayasan Genius.

Justice Collin Lawrence Sequerah made the order after the foundation’s secretary, Noraisah Spahat, told the court there was no objection to the government’s forfeiture bid.

“We have decided not to contest the case,” she said.

Deputy public prosecutor Nik Haslinie Hashim meanwhile said no third party had come forward to stake a claim on the funds.

Likewise, she said, no third party had come forward to contest the forfeiture applications filed against former minister Kasitah Gaddam, Johor Umno, businessman Bustari Yusof, Selangor Umno, the Liberal Democratic Party (LDP), Jakel Trading Sdn Bhd, Media Edge CIA (M) Sdn Bhd and Yayasan PBAKM.

Sequerah then said the court would proceed with the hearing against them.

He set Sept 10 for hearing for Kasitah, Oct 4 for Johor Umno and Bustari, Oct 18 for Selangor Umno and LDP, Oct 25 for Jakel, Nov 1 for Media Edge and Nov 8 for Yayasan PBAKM.

The funds in question are part of the RM270 million which the Malaysian Anti-Corruption Commission is attempting to recover from 41 individuals and organisations in funds allegedly channelled from former prime minister Najib‘s account.