IN JUST ONE DAY, NAJIB SWIPED RM3.3 MILLION ON HIS CREDIT CARDS TO PAY FOR JEWELLERY SNAPPED UP DURING 2014 ITALY SHOPPING SPREE

KUALA LUMPUR – Two credit cards registered under Datuk Seri Najib Razak’s name were used for to pay a whopping RM3.36 million in 10 transactions at the Swiss jeweller De Grisogono’s Italian outlet in 2014.The payments, all transacted on August 8 that year, were done by way of two Visa and eight MasterCard transactions for amounts ranging from €3,500 (RM15,432.50) to €100,000 (RM440,928.71).Information on each of these transactions was verified and revealed in court today by Yeoh Eng Leong during his examination in chief by Deputy Public Prosecutor Budiman Lutfi Mohamed.Yeoh is the prosecution’s 47th witness in Najib’s RM42 million SRC International Sdn Bhd trial.

Yeoh, currently Ambank’s Senior Vice President of Credit Card Authorisation and Fraud Management, had also revealed the two platinum credit cards under Najib’s name had an accumulative credit limit of RM3 million.

Budiman: Looking at these credit card statements, can you tell the expenditure limit from these credit card statements?

Yeoh: Yes, the combined limit for both cards is RM3 million.

Yeoh then read through bank statements detailing of the card’s transactions from the August 2014 spending spree.

He first detailed two payments made on August 8 with the Visa credit card at the De Grisogono outlet, one for €100,000 (RM440,928.71) and another for €3,500 (RM15,432.50).

“On the same day, also at the same place, this time using the Mastercard, at the De Grisogono merchant in Italy, the first was a payment of €100,000 (RM433,986.28), and then another at the same outlet also for €100,000 (RM433,986.28), and the third also at the same merchant for €50,000 (RM216,993.28),” he said.

Yeoh read then read out the following three transactions, all of which were for €100,000 (RM433,986.28) each, and then the last transaction of €10,000 (RM43,988.62) at the Swiss jeweller.

Malay Mail’s calculation for the total amount spent during the one-day spending spree was at €763,500 or equivalent to RM3.364,670,65 using conversion rates from 2015. – MALAY MAIL

RM3.3m spent in one day using Najib’s credit cards: Witness

KUALA LUMPUR: The High Court here today heard that two credit cards belonging to Datuk Seri Najib Tun Razak were used to spend RM3.3 million in one day, in De Grisogono, a Swiss luxury jeweller, in Italy in 2014.

This was revealed by senior Vice–President of Ambank in charge of credit card authorisation and fraud management Yeoh Eng Leong, 58, on the 37th day of the former premier’s trial in relation to the misappropriation of RM42 million of SRC International Sdn Bhd’s funds.

The 47th prosecution witness said the amount of RM456,360.51 was spent using the Visa Platinum credit card and RM2,864,309.54 using the Master Platinum credit card.

The witness said the shopping spree took place on Aug 8, 2014.

He said so during examination-in-chief by Deputy Public Prosecutor Budiman Lufti Mohamed.

Budiman Lutfi: How much is the limitation of both cards?

Yeoh: The combined limit was RM3 million.

Budiman Lutfi: Any payment made for the amount?

Yeoh: Yes. For visa card, (payment of) RM449,586.95 was made while for Master card RM2,833,147.21.

The witness also said that in early January 2015, another RM466,330.11 was spent at Chanel, an exclusive boutique in Honolulu, the United States, using the cards.

He said the cards were also used to pay the amount of RM127,017.46 at Shangri-La Hotel in the Thai capital.

Meanwhile, when cross-examined by Najib’s lawyer Harvinderjit Singh, the witness agreed that according to the credit card statement dated April 2015, the last payment was made by a person named Nik Faisal Ariff Kamil (former CEO of SRC).

During re-examination by Budiman Lutfi, Yeoh said all the payments came from Najib’s Ambank current account ending with number 880.

He also pointed out that Najib did not take any action regarding the credit card statements.

Najib, 66, is facing three counts of criminal breach of trust, one count of abusing his position and three counts of money laundering involving SRC International Sdn Bhd funds amounting to RM42 million.

The hearing before Justice Mohd Nazlan Mohd Ghazali continues. — Bernama

MALAY MAIL / BERNAMA