KUALA LUMPUR: Najib Razak opened a current account at Ambank in January 2011 to receive “large amounts” of money from overseas, the High Court heard today.
Ambank Raja Chulan branch manager R Uma Devi said Bank Negara Malaysia (BNM) was also alerted under the Ringgit Operations Monitoring System in February that year in anticipation of large money transactions coming in.
Uma said based on bank records between 2011 and 2013, RM2.6 billion (US$681 million) went into an account belonging to Najib which was opened on Jan 13, 2011.
She said records revealed the RM2.6 billion came as a donation and gift from Faisal bin Turki, a member of the Saudi royal family, as well as from Blackstone Asia Real Estate Partners.
It was also revealed today that RM304 million was deposited into the account in 2011, RM756 million in 2012 and RM1.9 billion in 2013.
“On Aug 23, 2014, RM2.034 billion (US$620 million) was remitted out of the country,” she said when cross examined by Najib’s counsel Harvinderjit Singh.
She said Najib then transferred RM162 million to a new account number ending 880, while the earlier account ending with the number 694, was closed on Aug 30, 2013.
Uma was the 21st witness testifying at the trial.
Najib is facing six charges of money laundering and criminal breach of trust (CBT) in the transfer of RM42 million to his account from SRC International, a former unit of 1MDB.
He is also accused of abusing his power as prime minister by giving government guarantees on SRC International’s RM4 billion loan from Retirement Fund Inc.
He was charged with committing the offences at AmIslamic Bank Bhd in Jalan Raja Chulan and the Prime Minister’s Office in Putrajaya between Aug 17, 2011, and Feb 10, 2015. - FMT
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