Zaid files suit for return of 1MDB monies
Published on: Thursday, August 18, 2016
Kuala Lumpur: Former Cabinet member Datuk Zaid Ibrahim is suing the Prime Minister, 1Malaysia Development Bhd (1MDB) and two others in a representative action for return of monies.Zaid said he is bringing the civil action on behalf of Malaysian citizens and taxpayers.In the statement of claim made available to the media Wednesday, Zaid named Datuk Seri Najib Tun Razak, 1MDB, the Government and Najib's stepson Riza Shariz Abdul Aziz as defendants.
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He is seeking an order for Najib to pay back RM42mil to the Government over alleged breach of his duty as trustee when the sum was paid into his personal bank account.Among others, Zaid is seeking an order that Najib pay US$731mil (RM2.9bil) to 1MDB by way of restitution, claiming that the Prime Minister received the amount belonging to 1MDB in his personal bank account.He said the Government, as sole shareholder of 1MDB, is entitled to disbursement of the sum in its favour.Zaid is also applying for an order that Riza pay 1MDB all alleged sums received by him, whether directly or indirectly, from 1MDB monies.
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