Prosecution fails to forfeit RM37m linked to PKFZ

 

The prosecution has failed to forfeit over RM37 million from Kuala Dimensi Sdn Bhd and eight others in relation to the controversial Port Klang Free Zone (PKFZ) project.

The Federal Court this morning dismissed the prosecution’s appeal and upheld an earlier Court of Appeal decision in the matter.

Besides Kuala Dimensi, which was the main contractor of the PKFZ project, the prosecution has also named Bintulu MP Tiong King Sing, Transshipment Megahub Berhad, Coastal Skyline Sdn Bhd, Wijaya Baru Aviation Sdn Bhd, Wijaya Baru Sdn Bhd, Wijaya Baru Construction Sdn Bhd, and the Selangor State Development Corp (PKNS) as respondents.

The government’s appeal is over the decision of the Kuala Lumpur High Court on Nov 4, 2011, to dismiss its (government) application to forfeit property valued at more than RM37 million owned by the two individuals and seven companies that managed the PKFZ project.

The properties, cash totalling more than RM32 million and six bankers cheques for RM5.491 million, were seized between November 2009 and May 2010.

The High Court ruled that the government failed to adduce evidence that the properties were obtained as a result of, or in connection with, an offence under the Anti-Money Laundering and Anti-Terrorism Financing Act 2001.

It also ordered the removal of the freeze on the property and that the assets be returned to the respondents.

On Dec 15, 2011, the High Court also denied the government’s application for a stay order.

[More to follow] - Mkini

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