Bustari agrees to forfeit RM3.68m linked to 1MDB

KUALA LUMPUR (Nov 26): Tan Sri Bustari Yusuf, a Sarawak-based businessman close to former prime minister Datuk Seri Najib Abdul Razak, agreed to forfeit RM3.68 million following the Malaysian Anti-Corruption Commission's (MACC) forfeiture action to recover 1Malaysia Development Bhd (1MDB)-linked money.

As a result, the MACC had today agreed to withdraw its forfeiture action against Bustari. The settlement was recorded before High Court Judge Collin Lawrence Sequerah, who thanked Bustari and the MACC for settling the matter.

With the settlement, the court also agreed to unfreeze Bustari's bank account.

Bustari, who is the brother of former works minister Datuk Seri Fadillah Yusof, was represented by lawyers Datuk Mohd Yusof Zainal Abiden and Tiara Katrina Fuad.

MACC deputy public prosecutor Allan Suman Pillai appeared for the prosecution.

It was reported that Bustari had earlier filed a representation letter to Attorney General Tan Sri Tommy Thomas following the MACC's forfeiture action against Bustari, who is among 41 respondents whom the MACC filed forfeiture applications against.

In June 2019, the MACC filed forfeiture applications against the 41 respondents to recover about RM265 million related to 1MDB.

It was reported that the MACC had acted under the Anti-Money Laundering, Anti-Terrorism Financing and Proceeds of Unlawful Activities Act as the commission believed the money was 1MDB-linked funds transferred from Najib's bank account.

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