In undertaking to court, Rosmah says will not dispose luxury goods in her possession pending suit over RM1.6b used for expensive buys

Malay Mail
Malay Mail

KUALA LUMPUR, June 14 — Datin Seri Rosmah Mansor has given an undertaking to the court today that she will not dispose of any jewellery items, handbags, watches and spectacles currently in her possession subject to confirmation they were purchased with misappropriated 1Malaysia Development Bhd (1MDB) funds in an ongoing suit.

Rosmah’s undertaking was recorded before judicial commissioner Adlin Abdul Majid earlier during today’s case management on an ongoing Mareva injunction application filed by 1MDB, its subsidiaries, and SRC International Sdn Bhd to bar Rosmah from removing or disposing of any of her assets up to nearly US$350 million (RM1.6 billion).

Rosmah was represented by counsels Tan Sri Muhammad Shafee Abdullah and Reza Rahim.

The order (Mareva injunction) and other injunctive relief sought follows the companies’ latest suit against Rosmah and another, over luxury goods allegedly bought through the misappropriation of US$346 million in funds — later known as the 1MDB scandal.

A Mareva injunction is a court order preventing someone from disposing of property pending the outcome or completion of a legal action.

In the application filed on June 10, 1MDB, SRC International and nine other entities that are seeking an injunction preventing Rosmah from disposing of her assets — whether owned legally or beneficially in her name or not — up to the value of US$346,010,489 (or its ringgit equivalent).

She would also be required to fully disclose all her existing assets whether in or outside Malaysia whether in her name or not and whether solely or jointly owned by providing details to the court in writing.

The companies also want an interim preservation order compelling Rosmah to surrender the luxury goods into the custody of the Royal Malaysia Police (PDRM) or any other party deemed fit by the court.

Rosmah would be allowed, however, to withdraw up to RM10,000 monthly or any other sum ordered by the court, for her living and legal expenses. She may still negotiate the monthly withdrawal for its limit and purpose.