‘RM500,000 spent on Chanel’

Tight security: Najib arriving at the Kuala Lumpur High Court.

KUALA LUMPUR: Datuk Seri Najib Razak used half a million ringgit of the total RM42mil of laundered money he received to splurge on Chanel products at a US boutique four years ago, the High Court heard.Attorney General Tommy Thomas revealed this at the much awaited first day hearing of the former prime minister, who is on trial for laundering RM42mil linked to funds from SRC International Sdn Bhd.

He said evidence would be led to show that the money, sourced from SRC International, was channelled into Najib’s private bank account by two subsidiary companies and later transferred again into another private account in Najib’s name.Thomas said the prosecution would show that Najib had issued personal cheques from the second private account for the shopping spree and a host of other expenses, including payments for renovation work on his homes in Jalan Langgak Duta here and Pekan, Pahang.