Mahathir makes bid to freeze Najib's assets worth RM2.6b

Mkini

Former prime minister Dr Mahathir Mohamad has filed an application for a mareva injunction against Najib Abdul Razak to freeze or prevent the prime minister from transferring, reducing (withdrawing) or dealing with assets worth RM2.642 billion.

Mahathir, 91, along with former Batu Kawan Umno vice-head Khairuddin Abu Hassan and former Langkawi Umno member Anina Saadudin, also filed an application for discovery, requiring Najib to inform and itemise his assets, including properties, credit balance, money and other assets kept in banks, financial institutions and as company shares.

The application was filed today at 10.40am through the firm of Haniff Katri at the High Court registry in Kuala Lumpur.

"The order for Najib to produce a list of his assets must be done within 10 days from the deliverance of this letter," the application states.

The application is based on all three of them having filed a civil action against Najib for tort of misfeasance in public office and breach of fiduciary duty, where they are seeking relief of exemplary damages of RM2.6 billion, and RM42 million in aggravated damages.

They said they have proven that RM2.6 billion had entered into Najib's personal account in Ambank in March 2013, and another RM42 million from SRC International Sdn Bhd, which was formerly a subsidiary of 1MDB.

All three further claimed that Najib has not denied the money entering into his personal accounts and that it was further confirmed, allegedly through attorney-general Apandi Ali in his press statement.

They further noted that Apandi's statement also verified that money had been transferred out of Najib's accounts allegedly to Saudi Arabia, and this proves that Najib has the tendency to transfer or shift his assets beyond the jurisdiction of the court.