Zaid files suit against Najib

 |Aug 17, 2016
Zaid files a suit against Najib and several others pertaining to 1MDB funds.
Zaid files a suit against Najib and several others pertaining to 1MDB funds.

Former de facto Law Minister Zaid Ibrahim is suing the Prime Minister, 1Malaysia Development Bhd (1MDB) and two others in a representative action for return of monies, claiming that he was filing the civil action on behalf of Malaysian citizens and taxpayers.

In his statement of claim filed on Tuesday by his legal counsel Americk Sidhu, Zaid named Najib Razak, 1MDB, the Government and Najib’s stepson Riza Shariz Abdul Aziz as defendants.

He is seeking an order for Najib to pay back RM42mil to the government over alleged breach of his duty as trustee when the sum was paid into his personal bank account.

Among others, Zaid is seeking an order that Najib pay US$731mil (RM2.9bil) to 1MDB by way of restitution, claiming that the Prime Minister received the amount belonging to 1MDB in his personal bank account.

He said the government, as sole shareholder of 1MDB, was entitled to disbursement of the sum in its favour.

Zaid has applied for an order that Riza pay 1MDB all alleged sums received by him, whether directly or indirectly, from 1MDB monies.

He wants an order that Riza transfer to 1MDB all property, where so ever situated, acquired by him or his nominees or agents.

Case management before a deputy registrar has been set for Sept 21.

Zaid resigned from the Cabinet in 2008 before joining PKR.

However, his PKR marriage did not last long.

He resigned from PKR after conceding defeat to Azmin Ali in the party deputy presidency contest in 2010.

Prior to that, the former Kota Bahru MP from Barisan Nasional was the defeated PKR candidate in the Hulu Selangor parliamentary by-election in 2010.

A detailed investigative report released in April this year by the Parliamentary Public Accounts Committee (PAC), which consisted opposition MPs, found not a single sen was transferred from 1MDB to an alleged private account registered under Prime Minister Najib’s name.