Tens of million paid out to Umno and associates, High Court told

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Money trail to Najib Razak's accounts show Umno and associates were 'reservoir' for money diverted from 1MDB, says prosecutor. FMTNews NajibRazak 1MDB Umno Forfeiture

Najib Razak and Umno are trying to prevent the forfeiture of more than RM114 million in cash seized in raid.

“Umno and Umno politicians received tainted money traceable to 1MDB and they are the main beneficiaries of fraud perpetrated on 1MDB,” he said. Liew said this at the hearing of the prosecution’s application for forfeiture of RM114,164,393.44 in cash seized from a premises owned by Obyu Holdings Sdn Bhd before judge Muhammad Jamil Hussin.

Liew also submitted that since it had been shown that Umno and its associates were the reservoir for money illegally diverted from 1MDB, in the light of the incontrovertible banking records, it was too far-fetched to suggest that Umno lacked knowledge of the illegal source of the money. “The preponderance of evidence is already all so clear to see,” he said, adding that Najib’s claim that the cash seized being political donation belonging to Umno was contradicted by the evidence from Umno itself.

Source: Entertainment Trends (entertainmenttrends.net)

 

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