M'sian govt seeks to forfeit vehicle, landed properties, RM156,500 belonging to former 1MDB executive director

The cash of RM156,500 comprises Tang's savings and current account balances at four banks namely, Maybank Islamic Berhad (RM89,300); CIMB Bank Berhad (RM13,000), RHB Bank Berhad (RM600) and AmBank Berhad (RM53,600).

The car is a Subaru XV2.01 that was seized in January 2021. The government is also looking to seize a bungalow in Bandar Kinrara and a shop lot in Bandar Puchong Jaya.

The government filed the forfeiture suit against Tang in November last year in accordance with Subsection 61(2) of the Anti-Money Laundering, Anti-Terrorism Financing and Proceeds of Unlawful Activities Act 2001.

Tang is listed as a wanted person by the Malaysian authorities and his whereabouts are unknown.

The notice in the gazette was issued on Aug 1, this year, inviting any third parties to appear in person or be represented by a counsel to contest the forfeiture action before a hearing.

This is for the third parties to show cause as to why the properties should not be forfeited by the government.

When the matter came up for case management before High Court Judge Datuk Collin Lawrence Sequerah today, deputy public prosecutor Noor Zalizan Lazarous informed the court that the respondent (Tang) was unrepresented.

At this juncture, counsel Muhamad Al-Muazzim Azmi Amin, on behalf of Maybank Islamic, stood up and said that his client was seeking to claim part of the targeted asset.

The court then set Oct 12 for mention.