by Theleaders | July 3, 2023 4:15 pm
KUALA LUMPUR, July 3 — Datuk Seri Najib Razak has denied owning the RM114 million which police had in May 2018 seized from a condominium before it was returned under a court ruling, saying that the money actually belongs to his political party Umno.
In a court document filed in response to 1Malaysia Development Berhad’s (1MDB) previous successful attempt to freeze his assets and to have him declare his assets, Najib said the RM114 million sum that was reported to be returned to him “does not form part of my assets”.
He said this was because the RM114 million was at all times “held by me on trust on behalf of Umno following the 14th general elections that had just concluded days before the raid in my apartment”.
“As the then president of Umno, I was entrusted with said funds for purposes of the elections, however, said money does not belong to me,” the former prime minister said in the affidavit in reply filed in court on June 28, denying that he had failed to disclose this RM114 million as being part of his assets.
Najib claimed that the reason why the RM114 million was initially returned to him was that the money was part of the government’s forfeiture proceedings in court, where it is the public prosecutor who initiates the application to forfeit the property.
When the High Court dismissed the public prosecutor’s application to have the RM114 million forfeited, Najib said the court did not make any order on where the RM114 million was to be returned to.
In such a situation where the court did not say where the RM114 million is to be returned to, “the authorities were simply required to return the money to where it was found (i.e. my condominium),” Najib said.
Najib said he had also lodged a police report on June 4, 2018 shortly after the raid which places on record that the RM114 million belongs to Umno, adding that he believes that current Umno president Datuk Seri Ahmad Zahid Hamidi — now the deputy prime minister — had previously confirmed in a court affidavit that the RM114 million was Umno’s property and not Najib’s.
Najib said most of the items seized then belongs to his wife and children, except for a few items that were presents given to him.
“Among the items that were seized from my residence, a majority of the items belong to my wife and children save for several accessories that were gifted to me over the years,” he said, adding that he would provide further details through his lawyers if required.
Among other things, Najib denied that he had withheld the list of his assets and denied that he had made only a partial disclosure of his assets, explaining that the previous assets list which he had submitted did not include some of his assets due to the non-availability of information then to enable the list to be prepared before the deadline.
Najib said his lawyer had previously informed 1MDB’s lawyer that there were some outstanding asset disclosures that would be formalised in a further affidavit, and argued that this shows “no attempt to hide my assets but rather a mere delay” towards the full disclosure.
In his affidavit, Najib produced an updated asset disclosure list which includes his only two bank accounts currently, namely an Affin Bank account and deposits in his Amanah Saham (ASB) account.
“My accountant has also inserted an additional vehicle a Range Rover bearing number plate JSM 1 that was gifted to me by His Royal Highness the Sultan of Johor that was inadvertently left out of my initial disclosure,” he said.
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