4.55pm – The court heard from witness Wedani Senen that a total of RM4 billion was credited into SRC International’s AmBank account from Kumpulan Wang Pekerjaan (KWAP) in two equal tranches between 2011 and 2012.
Additionally, both tranches were authorised by AmBank officers of different ranks, resulting in the first tranche being transferred in four transactions while the second tranche was transferred in one lump sum.
Wedani, who is AmBank Remittance Centre’s Rentas Unit manager, testifies that a total of RM2 billion was credited into SRC International’s bank account on Aug 29, 2011 in four transactions.
The same amount was credited in a single transaction through the Rentas system on March 28, 2012.
Rentas is an acronym for Real Time Electronic Transfer of Funds and Securities. It is a payment system used to facilitate the transfer and settlement of large sums of money, such as high-value interbank funds and scriptless securities transactions.
During examination-in-chief by DPP Sulaiman Kho, Wedani explains that bank officers of manager rank and below can only perform a Rentas transfer amounting to a maximum of RM500 million in each transaction.
Amounts above RM500 million can only be authorised by officers of senior manager rank and above, she testified.
Sulaiman: Why are there four thermal receipts for this RM2 billion transaction (in 2011)?
Wedani: The core banking system needs an official letter. For our limit, it is RM500 million, for manager and below.
Sulaiman: You mean, when this transfer was performed, the level of authorisation of the officer was at an RM500m limit?
Wedani: Yes, correct.
Sulaiman: So to transfer the RM2 billion, it needs to be done in four transactions?
Wedani: Yes.
Sulaiman: Each (one comprising) RM500 million?
Wedani: Yes.
The witness was then asked about the RM2 billion transaction on March 28, 2012, and why was it credited in a single transaction.
Sulaiman: The documents that were shown to you, this RM2 billion to SRC (in 2012) but it was only in one receipt. Why is that?
Wedani: We received the money from KWAP at 5.40pm, and Bank Negara is closed at 6pm. So we had to transfer (the amount) in one lump sum. (And a) senior manager and above can (perform transaction of) this amount.
Sulaiman: So it requires the authorisation of a senior manager and above?
Wedani: Yes.
Another RM2b transferred from KWAP to SRC account in 2012
3.30pm – Witness Wedani Senen confirms that a second tranche of RM2 billion flowed from Kumpulan Wang Pekerjaan (KWAP) into SRC International’s bank account on March 28, 2012.
The AmBank Remittance Centre’s Rentas Unit manager corroborates a confirmation advice document shown to her by DPP Sulaiman Kho.
Previously, witness R Uma Devi testified that RM2 billion was transferred into SRC International’s account on the same date.
The first tranche of RM2 billion was transferred from KWAP to SRC International’s account on Aug 26, 2011.
RM2b transferred from KWAP to SRC account – witness
3.05pm – A sum of RM2 billion was transferred from Kumpulan Wang Pekerjaan (KWAP) to SRC International’s account in Aug 2011, the prosecution’s 24th witness tells the High Court this afternoon.
Prosecution witness Wedani Senen, who is AmBank Remittance Centre’s Rentas Unit manager, confirms that the transaction took place on Aug 26, 2011.
DPP: Can you tell us about this confirmation advice, what is this document?
Wedani: This is confirmation advice of money credited from KWAP to AmIslamic Bank account.
DPP: What is the amount?
Wedani: RM2 billion to SRC on Aug 26, 2011.
DPP: Can you confirm that this confirmation advice was issued by AmBank’s Rentas Unit?
Wedani: Yes.
Earlier, the witness told the court that confirmation advice is a document that is automatically generated by the Rentas System for completion of money transferred from another bank into an AmBank account.
For monies that are transferred out from an AmBank account into another bank’s account, the document is called completion advice.
MKINI
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