Asset Forfeiture & Anti-Money Laundering

UMNO Headquarters Account Forfeiture Proceedings RM192 Million Seizure

Courts Find No Nexus to 1MDB

The Malaysian government, through the Malaysian Anti-Corruption Commission (MACC), initiated a civil forfeiture suit seeking to recover approximately RM192 million (USD45 million) allegedly linked to 1Malaysia Development Berhad (1MDB) funds from the United Malays National Organisation (UMNO) and related entities. The suit alleged that the funds had been received from former Prime Minister Datuk Seri Najib Razak in relation to activities allegedly connected to 1MDB.

The Kuala Lumpur High Court dismissed the government's application to forfeit the funds, finding that the prosecution had not established on the balance of probabilities that the monies sought to be forfeited were proceeds of unlawful activity. The prosecution appealed this decision.

On appeal, the Court of Appeal upheld the High Court's judgment and dismissed the prosecution's attempt to reverse the forfeiture ruling. As a result, UMNO retained the funds in question.

Related Media Coverage

Free Malaysia Today
Court dismisses govt's bid to seize RM192 million from UMNO
The Edge Malaysia
Forfeiture action to recover RM192m from UMNO dismissed
Channel NewsAsia
Malaysia Appeal Court rejects bid to forfeit millions linked to UMNO
Astro Awani
Appeal to forfeit millions belonging to UMNO and others dismissed
Malay Mail
UMNO allowed access to RM192.9m following court order

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