News about OBYU

KUALA LUMPUR (March 11) :The High Court today allowed an application by former premier Datuk Seri Najib Abdul Razak's wife Datin Seri Rosmah Mansor to physically inspect close to 12,000 jewellery items, over 300 handbags and other valuables worth more than RM600 million.

KUALA LUMPUR (Feb 19): OBYU Holdings Sdn Bhd, which is owned by businessman Tan Sri Bustari Yusof, has made a preliminary objection at the High Court here against the government’s forfeiture notice on the grounds that it is defective.

KUALA LUMPUR (Feb 3): The High Court fixed Feb 19 for further case management of the government's application to forfeit RM680 million worth of valuables allegedly linked to 1Malaysia Development Bhd (1MDB) that were seized from premises belonging to OBYU Holdings Sdn Bhd.

KUALA LUMPUR (Jan 31): Former prime minister Datuk Seri Najib Abdul Razak and his wife Datin Seri Rosmah Mansor want to examine 40 watches said to be worth RM6.

KUALA LUMPUR (Nov 1): High Court Justice Collin Lawrence Sequerah has discharged himself from hearing the forfeiture case involving the public prosecutor and OBYU Holdings Sdn Bhd, Datuk Seri Najib Abdul Razak, his wife Datin Seri Rosmah Mansor, Umno and Lebanese jeweller Global Royalty SAL, which wanted to intervene and be a third party in the matter.

KUALA LUMPUR (Oct 22): Lebanese jeweller Global Royalty SAL has suddenly withdrawn its suit against Datin Seri Rosmah Mansor over the handover of 44 pieces of jewellery to her that were worth US$14.

KUALA LUMPUR (Oct 18): The High Court will hear an application by Datin Seri Rosmah Mansor and her two children to physically inspect assets seized by the government in its RM680 million 1MDB forfeiture suit against OBYU Holdings Sdn Bhd.

KUALA LUMPUR (Sept 3): Former prime minister Datuk Seri Najib Razak, his wife Datin Seri Rosmah Mansor and their two children, Umno, and Lebanese jeweller Global Royalty Trading SAL had today indicated to the High Court that they will stake their claims in the RM680 million 1Malaysia Development Bhd forfeiture suit against OBYU Holdings Sdn Bhd.

KUALA LUMPUR (July 8): The High Court has fixed July 31 for case mention of the government's civil forfeiture suit against OBYU Holdings Sdn Bhd to recover RM680 million worth of goods and property, during which the company would inform the court on its decision to challenge the gazette of the forfeiture notice.