KUALA LUMPUR — May 6, 2019: A bank manager today confirmed that RM42 million from the account of Ihsan Perdana Sdn. Bhd. with Affin Bank was transferred into two accounts belonging to former prime minister Datuk Seri Najib Razak between January 2014 and December 2015.
The authorised signatories were Datuk Abdul Aziz Ismail and Datuk Dr. Shamsul Anwar Sulaiman, with the latter present in court for identification.
Najib is facing seven charges related to money from SRC International Sdn. Bhd. totalling RM42 million.
Affin Bank’s manager at The Curve, Noorhayati Mohd. Yunus, told the court that Ihsan Perdana or Gem Horizon Sdn. Bhd., as it was originally known had three accounts in Affin Bank, of which two remain active.
Ihsan Perdana handled SRC International’s corporate social responsibility.
Noorhayati also said that RM50 million was banked into the account of Gandingan Mentari Sdn. Bhd., another subsidiary of SRC International, in stages between 2014 and 2015. Some was later transferred to Ihsan Perdana but the manager couldn’t tell if the money originally belonged to SRC International.
Another witness testified that he was under great pressure while preparing a paper for Retirement Fund Incorporated (KWAP) regarding a loan for RM4 billion for SRC International because the management wanted it fast.
Amirul Imran Ahmat told prosecutor Datuk Ishak Mohd. Yusoff that there were errors in the paper due to the rush.
He further testified that there was a breach of the rules for the first approval of a loan of RM2 billion because it exceeded the shareholders’ equity limit as SRC International only had an equity of RM1 million.
There was a further breach, whereby the amount of KWAP’s investments in the form of borrowings must not exceed 10 per cent of the investment allocation in domestic fixed income.