The High Court here dismissed today the government’s bid to claim RM37 million in assets related to the RM12.5 billion Port Klang Free Zone (PKFZ) scandal.
Justice Datuk Ghazali Cha ruled there was no proof that the cash and the land belonging to seven companies and two individuals, including Bintulu MP Datuk Seri Tiong King Sing, were obtained illegally.
The government had sought a court order forfeiting the assets under Section 56 of the Anti-Money Laundering and Anti-Terrorism Financing Act.
Ghazali also ordered the government to return the RM32 million in cash and four plots of land to the nine respondents.
The government had seized the assets between November 2009 and May 2010 before the cheating trial over the controversial PKFZ scandal began this year.
Tiong was then chief executive and director of PKFZ turnkey contractor Kuala Dimensi Sdn Bhd (KDSB).
He resigned as director of KDSB and another PKFZ-related company Wijaya Baru Holdings in June last year.
The government had applied on November 23 last year for the assets to be sealed and forfeited.
Former transport ministers Tun Dr Ling Liong Sik and Tan Sri Chan Kong Choy were charged last year with knowingly deceiving the Cabinet in relation to the PKFZ project which ballooned from RM400 million in 2003 to a projected RM12.5 billion
Malaysia Wayang Kulit at its best. Vote out the corrupt regime before they bankrupt the country.
Those people should return back all our money. Very angry that all those suppose to make living better for all Malaysians is only making themselves and their evil cronies richer by the billions. This bn club must be boot out come what may in the coming GE. no two way to it.