KUALA LUMPUR: An SRC International Sdn Bhd subsidiary was flagged as being a high-risk account and subjected to closer scrutiny, the High Court was told Monday (April 29).
Ambank branch manager R. Uma Devi testified that Gandingan Mentari Sdn Bhd's bank account with her company was flagged as high risk, thus receiving monthly monitoring from the compliance department.
During cross-examination, defence council Harvinderjit Singh asked why Gandingan Mentari would be flagged even though it was a new account.
Uma replied that even without much transaction history, risk can be computed based on certain factors and category of business.
"There are some companies that handle lots of cash, such as law firms, or have some other criteria that would get flagged as high risk," she said Monday (April 29), though she was unable to explain what was entailed in monitoring as she was not with the compliance department.
Previously, the prosecution's 20th witness, Affin Bank processing officer Rosaiah Mohamed Rosli, testified that Ihsan Perdana Sdn Bhd received RM45mil from the AmIslamic Bank account belonging to Gandingan Mentari, in two transactions over two days back in December 2015.
Ihsan Perdana is the corporate social responsibility (CSR) unit of SRC International.
Najib faces seven charges involving RM42mil belonging to SRC International Sdn Bhd.
On July 4 last year, Najib claimed trial to a charge of abuse of power and three counts of criminal breach of trust (CBT) linked to the 1MDB scandal.
He allegedly misappropriated RM42mil in funds belonging to SRC International.
On Aug 8, 2018, he appeared in court again for the second time and was charged with three counts of money laundering involving the same RM42mil.
The trial is ongoing before Justice Mohd Nazlan Mohd Ghazali today.