KUALA LUMPUR: The High Court here was told today that US$681 million or RM1.89 billion in funds originating from 1Malaysia Development Berhad (1MDB) e...
: The High Court here was told today that US$681 million or RM1.89 billion in funds originating from 1Malaysia Development Berhad entered into Datuk Seri Najib Tun Razak’s personal account via eight transactions in 2013.
Previously, it was reported that Tanore received a total of US$890 million from 1MDB’s subsidiary, 1MDB Global Investment Limited’s via two fiduciary funds, namely, Devonshire Capital Growth Fund and Enterprise Emerging Markets Fund in March 2013. “According to Najib’s bank statement, it was revealed that RM465,000,000 was credited via three transactions on March 22, 2013, RM369,974,962.98 transferred on March 28 the same year via two transactions,“ he said when verifying the money trail report at Najib’s trial involving the alleged misappropriation of RM2.3 billion of 1MDB funds.
On the first day of the trial on Aug 28, 2019, the prosecution contended that on March 14, 2013, Najib signed a letter of support to raise a loan through the issue of bonds by 1MDB from the Bank of New York Mellon Group in the sum of US$3 billion and on March 19, 2013, a sum of US$2.721 billion was disbursed into the account of 1GIL with BSI Bank at Lugano in Switzerland.
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