Adam Ariff Roslan says US$20 million was then transferred from the account to Najib Razak between February and June 2011.
Former prime minister Najib Razak is standing trial for 25 charges of abuse of power and money laundering.
KUALA LUMPUR: A Bank Negara Malaysia analyst told the High Court in Najib Razak’s 1MDB trial that an account registered under a “Prince Faisal Turki Al Saud” was used to receive funds from Low Taek Jho’s firm.He said “Prince Faisal” held an account at Riyad Bank, receiving US$12.5 million on Feb 18, 2011 and US$12 million on June 10 the same year from Low’s Good Star Limited.
Adam noted that about a week later, on Feb 23, 2011, a sum of US$10 million from the account was transferred to Najib’s AmBank current account ending with 694.The prosecution had said in their opening statement that “Prince Faisal” was a close associate of Najib, Low, and another person known as “Prince Turki”.
Adam also said that in 2009, 1MDB deposited US$700 million into Good Star and sent another US$300 million to 1MDB and PetroSaudi’s joint account. Najib is standing trial for 25 charges of abuse of power and money laundering with alleged 1MDB funds amounting to RM2.28 billion deposited in his AmBank accounts between February 2011 and December 2014.Subscribe to our newsletter and get news delivered to your mailbox.
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