KUALA LUMPUR, An analyst from Bank Negara Malaysia (BNM) told the High Court here that Datuk Seri Najib Tun Razak received RM2.3 billion of 1Malaysia Development Berhad (1MDB) proceeds over four phases from 2011 to 2014 through his two personal accounts at AmIslamic Bank Berhad.
KUALA LUMPUR, An analyst from Bank Negara Malaysia told the High Court here that Datuk Seri Najib Tun Razak received RM2.3 billion of 1Malaysia Development Berhad proceeds over four phases from 2011 to 2014 through his two personal accounts at AmIslamic Bank Berhad.
"For the Good Star phase between Feb 23, 2011 and June 14, 2011, RM60,629,839.43 of the proceeds that were credited into Najib’s 694 AmPrivate Banking - MR account at AmIslamic Bank, from an account at Riyad Bank, Saudi Arabia - were found to be traceable to the issuance of 1MDB’s Islamic Medium Term Notes bond in 2009 and its syndicated term loan in 2010.
The 47th prosecution witness said this when reading out his witness statement at the former premier’s trial involving alleged misappropriation of RM2.3 billion of 1MDB funds. Apart from that, Adam Ariff also explained that for the options buyback phase on June 23, 2014, RM4,093,500.00 of the proceeds were credited into Najib’s 880 AmPrivate Banking - 1MY account at AmIslamic Bank, from an account at DBS Bank, Singapore, held in the name of Blackrock Commodities Ltd - was found to be traceable to the US$250 million loan proceeds of 1MDB Energy Holdings Ltd in 2014.
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