KUALA LUMPUR — July 22, 2019: Former prime minister Datuk Seri Najib Razak never asked why his personal AmBank account was overdrawn and neither did his mandate holder Nik Faisal Ariff Kamil, the former CEO of SRC International.
In fact, according to former AmBank relationship manager Joanna Yu Ging Ping, when told about this Nik Faisal appeared to have just accepted it.
Yu did not contact Najib because she didn’t have access to him but replied to prosecutor Datuk V. Sithambaram that regular account statements were sent to both Najib and Nik Faisal.
In her earlier testimony today, Yu said it was fugitive businessman Low Taek Jho alias Jho Low who had requested for Najib’s bank accounts to be identified by a code name for confidentiality.
Based on her dealings with her portfolio of corporate clients, the AmPrivate Banking-MR code name used for Najib’s account was the first ever individual account to have been designated with a code name.
“I checked with the operations side of Ambank if this was possible and was informed that a code name could be assigned but the account would still contain the identity of the holder.
“I am not sure who decided on the code name itself. I was subsequently informed by the group managing director that the governor of Bank Negara was informed of this,” said Yu.
She reaffirmed testimonies by other bank officers that Najib had issued a mandate letter to Ambank in March 2011, allowing Nik Faisal to make on Najib’s behalf enquiries as to the status and details of the said accounts and confirm all cheques issued for amounts exceeding RM250,000.00.
The letter also stated that the bank was to clear/confirm all cheques presented up to RM250,000.00 without further reference to Najib and/or Nik Faisal.
Apart from Nik Faisal, Yu communicated with Jho Low on matters relating to Najib’s three accounts with AmBank but despite the mandate, Yu said Nik Faisal was not authorised to withdraw money from Najib’s current account because the only signatory for cheques was Najib.