KUALA LUMPUR — Money to the amount of RM50 million found in ex-PM Najib Razak's account is from Singapore and Seychelles.
They were wired to the account from companies based in these countries.
This is what a witness says in a testimony in the Courts. The witness says the money transferred to Datuk Seri Najib Razak’s bank account in 2014 was not a ‘donation or a gift’.
The witness is the Ambank's electronic transfer and securities unit manager Wedani Senen.
Wedani says the transactions involved remittances by two companies, namely Blackrock Commodities Global Limited from Singapore and Vista Equity International Partners from Seychelles.
The US Department of Justice has identified Eric Tan, a close associate of Jho Low as the owner of Blackrock Commodities and Vista Equity.
Wedani says two of the transactions listed the transfer of money into the former prime minister’s account as a ‘loan’.
When deputy public prosecutor Datuk V. Sithambaram asked if it was written anywhere on the remittance form that the purpose of the payment was ‘a gift or donation’, she said, “No”.
Evidence also shows there were transactions from accounts linked to fugitive businessman Low Taek Jho — better known as Jho Low — into the AmBank account of Datuk Seri Najib Razak in 2015.
The reports say they included transaction details which described them as loan payments, and not donations.
This was confirmed by the 24th prosecution witness Wedani.
A trail of funds that went into Najib's account:
June 19, 2014 Blackrock Commodities Global Ltd £750,000
Oct 21, 2014 from Vista Equity International Partners £5,750,000
Nov 21, 2014 from Vista Equity International Partners £694,343.62
Nov 24, 2014 from Vista Equity International Partners £2,216.01
Dec 5, 2014 from Vista Equity International Partners £ 995,000
Dec 18, 2014 from Vista Equity International Partners £ 1,264,462.29
Najib has constantly denied any wrongdoing in the 1MDB scandal.
His lawyers say they will prove his innocence, banking their strategy on a purported conspiracy to tarnish him.
Najib, 66, faces seven charges of criminal breach of trust, abuse of power and money-laundering involving RM42 million of SRC International funds and risk 20 years' jail and fine for the offences.