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‘Part of 1MDB’s loan money went into Najib’s account’

KUALA LUMPUR (BERNAMA) – The High Court in Malaysia yesterday was told that over GBP9.45 million of 1Malaysia Development Berhad (1MDB) loan money was deposited into former prime minister Datuk Seri Najib Tun Razak’s private account in 2014.

Bank Negara Malaysia (BNM) analyst Adam Ariff Mohd Roslan, 29, said the money came from two foreign firms, Blackrock Commodities (Global) Ltd and Vista Equity International Partners, companies controlled by Eric Tan Kim Loong, who is alleged to be an associate of fugitive businessman Low Taek Jho or Jho Low.

The 47th prosecution witness said that the money was deposited into Najib’s account, ending with “880”, between June 23, 2014, to December 17, 2014.

“Blackrock transferred GBP750,000 million on June 19, 2014, while Vista Equity transferred GBP8,706,021.92 million into the same account through five transactions,” he said.

According to the prosecution’s opening statement at the beginning of the trial in 2019, it contended that the said amount (GBP9.45 million) was originally from 1MDB through its subsidiary, 1MDB Energy Holdings Ltd, where it obtained two loans totalling USD1.225 billion from Deutsche Bank Singapore.

Adam Ariff also said Najib’s “880” account had MYR100,000 before the transferred GBP750,000 (MYR4,093,500) sum came in.

The witness said this when verifying the money trail report at Najib’s trial involving the alleged misappropriation of MYR2.3 billion of 1MDB funds. Najib, 70, was seen donning a blue suit and tie in the courtroom yesterday, while his few supporters were seen sitting in the public gallery in the courtroom.

The former prime minister is facing four charges of using his position to obtain bribes amounting to MYR2.3 billion belonging to 1MDB and 21 charges of money laundering involving the same amount.

The trial before Judge Datuk Collin Lawrence Sequerah continues on October 9.

Malaysia’s former prime minister Datuk Seri Najib Tun Razak at the Malaysian High Court. PHOTO: BERNAMA
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