See More on Facebook

Politics

Najib’s donor allegedly a ‘prince’

Former Malaysian Prime Minister Najib Razak is on trial for corruption under the 1MDB fund.


Written by

Updated: April 30, 2019

A sum of RM1.9bil was credited into one of Najib Razak’s private bank accounts between 2011 and 2013, the High Court heard.

Part of the money was purportedly a donation from one “Prince Faisal al Turki” and the Finance Ministry of Saudi Arabia.

This was confirmed by AmBank manager R. Uma Devi during cross-examination by Najib’s counsel Harvinderjit Singh.

Harvinderjit: Refer to this email of bank statement ending 694. Are these transactions from “Prince Faisal al Turki”?

Uma Devi: Yes.

She agreed that parts of the money, including RM304mil in 2011 and RM756mil in 2012, came from “Prince Faisal al Turki”.

She also agreed that another amount was RM324mil, which was credited from Saudi’s Finance Ministry to Najib’s account.

To a suggestion, Uma Devi agreed that a letter of instruction purportedly written by Najib on July 30, 2013, had instructed that the donation money be returned to the owner (Prince Faisal Al Turki).

Harvinderjit: On the basis of the letter, it was clear the bank knew the amount of money credited was a donation?

Uma Devi: Yes.

The High Court also heard that Gandingan Mentari Sdn Bhd, a unit of SRC International Sdn Bhd, was subjected to closer scrutiny by a bank as it was a high-risk account.

Uma Devi said AmBank flagged Gandingan Mentari as high risk, thus the account was put on monthly monitoring from the compliance department.

The witness was testifying in cross-examination in the corruption trial of the former prime minister accused of misappropriating RM42mil in SRC International funds.

During cross-examination, Harvinderjit asked the reason why the Gandingan Mentari was considered high risk when it was a new account.

Uma Devi replied that even without much transaction history, risk could still be computed based on certain factors and the category of the business.

“There are some companies that handle lots of cash, like law firms, or have criteria that would get flagged as high risk,” she said.

The witness, however, was unable to explain what entailed in the monitoring as she was not with the compliance department.

(According to credit reporting agency CTOS [ctoscredit.com.my], Gandingan Mentari’s nature of business is wholesale of a variety of goods without any particular specialisation, real estate activities with owned or leased properties, stock, share and bond brokers.)

Previously, Affin Bank processing officer Rosaiah Mohamed Rosli testified that Ihsan Perdana Sdn Bhd received RM45mil from an AmIslamic Bank account belonging to Gandingan Mentari in two transactions over two days in December 2015.

Ihsan Perdana is the corporate social responsibility unit of SRC International.

Najib is facing seven charges of abuse of power, criminal breach of trust and money laundering involving RM42mil belonging to SRC International.

Earlier, the court dismissed Najib’s application to declare the seven charges against him as defective.

Justice Mohd Nazlan Mohd Ghazali said the defence’s argument that the charges were flawed was without basis.

The charges against Najib, he said, did not constitute double jeopardy as the offences were different and any conviction could be secured if the prosecution proved each of the offences.

He added that the charges were not structured in a way that could mislead or prejudice him to a point that the accused could not put up a proper defence.

“The prosecution has produced all the documents to the defence.

“At this stage, the trial has proceeded for nine days and 21 witnesses have been called with extensive cross-examination, with the applications for documents from witnesses that were allowed by this court.

“It is difficult to comprehend that the accused could have been misled,” he said.

Justice Mohd Nazlan also said that money laundering, criminal breach of trust and abuse of power were different offences and there was no duplicity.

“For the following broad reasons, this application is denied,” he said.

The hearing continues today.

 



Enjoyed this story? Share it.


The Star
About the Author: The Star is an English-language newspaper based in Petaling Jaya, Malaysia.

Eastern Briefings

All you need to know about Asia


Our Eastern Briefings Newsletter presents curated stories from 22 Asian newspapers from South, Southeast and Northeast Asia.

Sign up and stay updated with the latest news.



By providing us with your email address, you agree to our Privacy Policy and Terms of Service.

View Today's Newsletter Here

Politics

Modi defends citizenship decision

PM Modi says it has nothing to do with Indian Muslims. Prime Minister Narendra Modi said, that unity in diversity is integral to India while addressing ‘Aabhar Rally’ at Delhi’s Ramlila Maidan today to kick start Bharatiya Janata Party’s Delhi Assembly Elections campaign slated for early next year, amid protests in Delhi and all over the country against the contentious Citizenship Act and the National Register of Citizenship(NRC). Modi raised slogan of ‘vividhta me ekta, Bharat ki visheshta’ (Unity in diversity is India’s speciality). PM Modi while giving his party and government’s view on CAA and NRC said, “Muslims being misled, I have always ensured that documents will never come in way of development schemes and their beneficiaries.” Citizenship law and NRC have nothing to do with Indian Muslims or with Indian citizens, he clarified. “We have never asked


By The Statesman
December 23, 2019

Politics

Rallies rage on in India over citizenship law

Thousands of students flood streets of Delhi; Assam state sees five protesters shot dead. Thousands of university students flooded the streets of India’s capital yesterday, while a southern state government led a march and demonstrators held a silent protest in the north-east, to protest against a new law giving citizenship to non-Muslims who entered India illegally to flee religious persecution in several neighbouring countries. The protests in New Delhi followed a night of violent clashes between the police and demonstrators at Jamia Millia Islamia University. People who student organisers said were not students set three buses on fire and the police stormed the university library, firing tear gas at students crouched under desks. Members of Indian Prime Minister Narendra Modi’s ruling Hindu nationalist Bharatiya Janata Party said opposition parties were using th


By The Straits Times
December 17, 2019

Politics

Japan: Koizumi offers no concrete plan on coal

The new environment minister needs to offer better ways to tackle climate change.  During a ministerial meeting of the U.N. climate summit in Madrid on Wednesday, Shinjiro Koizumi, the Environment Minister did not express concrete steps for reducing coal-fired thermal power generation. Environment Minister Shinjiro Koizumi did not express concrete steps for reducing coal-fired thermal power generation, for which construction of new plants is currently underway in Japan, during a ministerial meeting of the U.N. climate summit in Madrid on Wednesday. “I am afraid I cannot share new development on our coal policy today,” Koizumi said at the ongoing 25th Conference of the Parties to the U.N. Framework Convention on Climate


By The Japan News
December 13, 2019

Politics

Power transition after Apec summit

Mahathir open to stepping down after APEC summit. Dr Mahathir Mohamad, the world’s oldest prime minister, has promised to hand over power to anointed successor Datuk Seri Anwar Ibrahim in spite of new sexual assault allegations against him. Dr Mahathir, 94, said he would not hand over before a summit of Asia-Pacific Economic Cooperation (Apec) countries that Malaysia is to host in November 2020, but could be ready after that. “I made a promise to hand over and I will, accepting that I thought that a change immediately before the Apec summit would be disruptive. “As far as I’m concerned, I’m stepping down and I’m handing the baton to him (Anwar). If people don’t want him, that is their business, but I will do my part of the promise… irrespective of whatever allegation. I made my promise, I keep my promise, ” he said in an interview w


By The Star
December 11, 2019

Politics

Communist Party of China calls for efforts to deepen reform and expand opening-up

Political Bureau stresses importance of winning three critical battles in 2020. The Political Bureau of the Communist Party of China Central Committee called on Friday for solid efforts to deepen reform and expand opening-up, amid tensions in the external environment, to ensure that the goal of building a moderately prosperous society in all respects will be attained next year. The general trend of China’s economy in maintaining stable and long-term positive operation remains unchanged, according to a statement released after the bureau’s meeting, presided over by Xi Jinping, general secretary of the CPC Central Committee. China will keep its economic growth within a reasonable range in 2020, with more “forwarding-looking, targeted and effective” policies, the statement said. The nation will pursue a policy framework that allows macro policies to be stable, micro policies


By Esther Ng
December 9, 2019

Politics

Najib to take the stand today

The former premier is accused of malfeasance. Today is the day that Malaysians will see, for the first in the country’s history, a former prime minister take the stand to answer charges against him in a court of law. Datuk Seri Najib Razak (pic), 66, will testify from the witness box as the first defence witness to rebut his seven charges of misappropriating RM42mil in SRC International Sdn Bhd funds before High Court Judge Mohd Nazlan Mohd Ghazali. According to his co-counsel Harvinderjit Singh, Najib will be called as the first witness on the opening day of the defence’s proceedings. Najib will be first questioned by his defence during examination-in-chief before being cross-examined by the prosecution. On Nov 11, Justice Mohd Nazlan ordered Najib to enter his defence on three counts of criminal breach of trust (CBT), three charges of money laundering and on


By The Star
December 3, 2019