MACC insists former AG Tommy Thomas gave okay for Riza Aziz’s settlement

MACC insists former AG Tommy Thomas gave okay for Riza Aziz’s settlement”

"That's all", Azam reportedly said in his response to Thomas' denial that he had agreed for a settlement with Riza who was given a discharge not amounting to an acquittal by the Kuala Lumpur Sessions Court over his money laundering case.

Mahathir, 94, said Friday that he couldn't accept the prosecutor's settlement with Riza.

Sri Ram said if there is satisfactory completion of the terms of the agreement then appropriate steps would be taken to ensure full acquittal for Riza Shahriz.

Money laundering charges against The Wolf Of Wall Street producer Riza Aziz have been dropped by a Malaysian court, in exchange for the return of overseas assets, reportedly worth $107.3M.

The MACC said it was a conditional discharge, whereby the prosecution had the right to reinstate the charges if the agreement was not satisfactorily completed.

Riza's lawyer Hariharan Tara Singh confirmed a deal had been reached and said his client was "pleased to make good on his obligations to the authorities and looks forward to beginning the next chapter of his life".

Former Prime Minister Mahathir Mohamad said he was anxious the move could set a precedent in graft cases in which "thieves will be let off if they return the stolen money".

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This was also ackowledged by the Malaysian Anti-Corruption Commission (MACC) in a statement yesterday.

However, The Malaysian Insight, on the other hand, reported that the former attorney general was only aware of a written representation to the Attorney General's Chambers regarding the case, but he had handed it over to ad hoc prosecutor Datuk Seri Gopal Sri Ram to examine.

Thursday was initially fixed for case management.

The money was allegedly misappropriated from 1MDB funds between April 12 and May 12 at City National Bank.

On the third and fourth charges, he was accused of the same offence involving US$133 million and US$60 million in money transfers from account number 81134378 belonging to Aabar Investment PJS Limited, at BSI SA, Lugano, Switzerland, to account number 6C02250A at BSI Bank Limited, Singapore, belonging to Red Granite Capital Ltd.

Riza was accused of receiving the money between April 2011 and November 2012 from Good Star Ltd and Aabar Investments PJS Ltd - two companies believed to be linked to Low Taek Jho, aka Jho Low, who's now wanted by Malaysian, US and Singaporean authorities.

The charges were framed under Section 4 (1)(a) of the Anti-Money Laundering and Anti-Terrorism Financing Act 2001, which carries a fine not exceeding RM5 million or imprisonment not exceeding five years, or both, upon conviction. He has pleaded not guilty and has consistently denied wrongdoing.

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