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Najib trial: Still on money trail after 21 witnesses & eight days

R. Uma Devi

R. Uma Devi

TheMole
Written by TheMole

KUALA LUMPUR — April 24, 2019: Another three prosecution witnesses testified today, basically detailing more of the money trail in the trial of former prime minister Datuk Seri Najib Razak and monies belonging to SRC International Sdn. Bhd., formerly a subsidiary of 1Malaysia Development Berhad.

Lawyer Ashraf Abdul Razak of the law firm Zulqarnain & Co. talked about a cheque for RM2.5 million which he received in 2015 from businessman Habibur Rahman, who he said he had known for several years.

Another witnesses was Rosaiah Mohamed Rosli of Affin Bank who detailed on the amounts credited into the account of Ihsan Perdana Sdn. Bhd., the corporate social responsibility arm of SRC subsidiary Gandingan Mentari Sdn. Bhd. In all, Ihsan Perdana received RM50 million in 2014 and 2015.

At that point there was still nothing to implicate Najib who is charged with three counts of criminal breach of trust, one charge of abusing his position  and three counts of money laundering involving RM42 million from SRC International.

But it was during the testimony of AmBank Jalan Raja Chulan branch manager R. Uma Devi that there emerged details on transactions in and out of SRC International accounts and also in and out of Najib’s accounts at the branch.

According to Uma Devi, RM4 billion was credited into SRC’s current account between August 2011 and March 2012, with RM2 billion credited in August 2011 in four transactions of RM500 million each while the balance was credited on March 28, 2012.

A total of RM3.28 million was credited to two credit card accounts belonging to Najib. SRC International’s AmBank accounts had 5 authorised signatories while Najib had 5 AmBank accounts from 2011 to 2015.

Nik Faisal Ariff Kamil, former CEO of SRC International, was appointed as the authorised personnel to manage all of Najib’s accounts, which enabled Nik Faisal to do it without having to refer to any account in particular, as well as authorised to collect cheque books and account statements.

The instruction letter for authorised personnel was issued by Najib himself to the branch manager. The letter allowed Nik Faisal to authorise cheques above RM250,000 to be cleared.

 

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