Global Royalty to enforce RM67.5mil judgment; bankruptcy looms for Rosmah
KUALA LUMPUR: Global Royalty Trading SAL will move to enforce a High Court judgment ordering Datin Seri Rosmah Mansor to pay RM67.5 million over 43 missing pieces of jewellery after she failed to deposit the sum within the stipulated period.
Global Royalty Trading SAL is set to enforce a High Court judgment requiring Datin Seri Rosmah Mansor to pay RM67.5 million for 43 missing pieces of jewellery, according to the company's lawyer, Datuk David Gurupatham. The company may also initiate bankruptcy proceedings against Rosmah if she fails to make the payment, as she did not deposit the required amount of RM67,461,027.37 into the joint stakeholders account by the stipulated period.
The Court of Appeal dismissed Rosmah's application for an unconditional stay of the judgment on September 23, ruling that she had not provided sufficient grounds for the stay. She was also ordered to pay RM30,000 in costs by the appellate court. On August 12, a conditional stay was granted to Rosmah, allowing her to deposit the full judgment sum within a month, but her application for an unconditional stay was later dismissed by the Court of Appeal.
Rosmah was found liable for failing to return the jewellery in June 2020, with the court dismissing her claim against government officials in the 1Malaysia Development Bhd investigation.
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