Court throws out RM100k 1MDB forfeiture suit against Yayasan PBAKM

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The Kuala Lumpur High Court dismissed the government's forfeiture suit against Yayasan Persatuan Bekas Anggota Kemas Malaysia (PBAKM) to recover RM100,000 allegedly from 1MDB. Justice Muhammad Jamil Hussin delivered the verdict during open court proceedings this morning. In a brief oral decision, Jamil ruled that the applicant failed to prove that any or part of the RM100,000 still remained in the respondent's bank account. The judge said this is because numerous transactions involving monetary flow into and out of the respondent's account has taken place since the RM100,000 was banked into the account on Oct 22, 2013. He was referring to the RM100,000 cheque that was given by former prime minister Najib Abdul Razak to Yayasan PBAKM earlier in October 2013. Jamil noted that during the previous hearing on the suit, Yayasan PBAKM never denied that it had received the RM10…