KUALA LUMPUR (Bernama): Umno has filed an application to initiate contempt proceedings against CIMB Bank, which has not released the political party's RM192mil despite an order from the High Court last month for the immediate release of the monies.
Its lawyer Datuk Hariharan Tara Singh said this was because the bank had not complied with a June 19 ruling in which the High Court dismissed the prosecution's attempt to stay the decision on a forfeiture application.
On June 19, the court ruled that the prosecution failed to prove on the balance of probability that the money came from 1MDB. Meanwhile, CIMB's lawyer Rabindra Nathan said his client would be happy to release the funds but was awaiting an order from the MACC for the bank to release the funds. Meanwhile, the MACC’s Legal and Prosecution Division director Roslan Mat Nor gave his assurance that the bank should be able to release Umno's funds without fearing any legal repercussions from the commission.
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