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Jakel in a statement says it is not involved in the 1Malaysia Development Bhd (1MDB) scandal. - Pic source: Facebook/Jakel.

KUALA LUMPUR: Jakel Trading and Jakel Trading Sdn Bhd (collectively referred to as ‘Jakel’) released a statement today to state that it was not involved in the 1Malaysia Development Bhd (1MDB) scandal.

In the statement, Jakel said it is cooperating with the Malaysian Anti-Corruption Commission (MACC) by providing all relevant documents needed.

Jakel was referring to the transactions to supply jubah fabrics that the former Prime Minister and Prime Minister's Office (PMO) had organised for all their charity programmes for imams, tahfiz, as well as to more than 7,000 mosques around the country, and supply of clothing for flood victims between 2011 and 2014.

“Jakel is committed to perform its business in a responsible manner and would like to stress that it has nothing to gain from neither illegal nor unethical business practice and takes allegations of money laundering very seriously.

"Jakel’s core businesses are textile and textile-related products on retail and wholesale trading. We carry out our bona fide activities in good faith where all customers are treated equally. All our sales are properly invoiced and payments are accepted likewise, in good faith,” the statement said.

Jakel said it is not connected with the 1MDB scandal and every transaction with the PMO were above board and documented as normal business transactions.

It said it received the payment after it delivered the goods.

“We accept in good faith and we are not in a position to question the source of the said funds. Any issue of money laundering is totally beyond our knowledge

“Our stand is very clear, to offer our utmost commitment and cooperation towards the government and MACC in order to restore Jakel’s image,” the statement said.

Yesterday, the MACC filed civil forfeiture applications against 41 individuals and entities to recover money allegedly transferred from 1MDB.

MACC said aid the forfeitures, filed under Section 56 of the Anti-Money Laundering Act, were to recover RM270 million of 1MDB money transferred to former Prime Minister Datuk Seri Najib Razak’s account and later to the individuals and entities, including Jakel.

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