PETALING JAYA: All transactions cited in the Malaysian Anti-Corruption Commission's (MACC) civil forfeiture suit were genuine business transactions, say the textile firms Jakel Trading and Jakel Trading Sdn Bhd.
PETALING JAYA: All transactions cited in the Malaysian Anti-Corruption Commission's civil forfeiture suit were genuine business transactions, says textile firm Jakel, after it was named in connection to funds allegedly misappropriated from 1Malaysia Development Bhd .
The company said the former Prime Minister and the Prime Minister's Office ordered the material for all charity programmes for more than 7,000 mosques nationwide, among other things. "Jakel received the payment after we delivered the goods. All payments for goods sold and delivered were accepted in good faith.
Jakel were among 41 entities and individuals served with civil forfeitures by the MACC, which is seeking to recover RM270mil said ot have been misappropriated by 1MDB.
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