YR1M witness: 1MDB was a funder

  • Nation
  • Wednesday, 17 Jul 2019

Ng will waive extradition to the United States on Friday during an appearance in a court in Malaysia, according to his lawyer Marc Agnifilo.

KUALA LUMPUR: The former CEO of Yayasan Rakyat 1Malaysia (YR1M) Ung Su Ling told the High Court here that 1MDB, Petronas and Genting Group were the funders of YR1M, which was set up in January 2013.

Ung, 51, the 49th prosecution witness, said this when cross-examined by Datuk Seri Najib Razak’s counsel Tan Sri Muhammad Shafee Abdullah on the 38th day of the former prime minister’s trial in relation to the misappropriation of RM42mil of SRC International Sdn Bhd’s funds.

Shafee: You were the first CEO of YR1M, right? She replied, “Yes.”

Shafee: Who were the funders of YR1M?

Ung: 1MDB, Genting Group and Petronas.

When asked how much the three entities had contributed to YR1M, Ung said 1MDB contributed RM210mil, Genting Group, RM230mil and Petronas, RM3mil.

She explained that YR1M was established with three main cores: raising the quality of life of the unfortunate, improving the education standard of students from rural areas, and instilling positive values in the youth through sports.

“The YR1M programme was inspired by Datuk Seri Najib, who wanted to see more community activities based on the principles of 1Malaysia programmes,” she said, adding that Najib was one of the directors of YR1M.

Reading out her witness statement, Ung said YR1M had three accounts for financing its operations and projects, and the source of funding for one of these accounts was gambling revenue from the Genting Group.

The funding for the other two accounts was from other sources, she said.

When asked whether she had worked at the Wynton Private Equity Group, which was owned by fugitive businessman Jho Low between 2004 and 2006, the witness said “yes”.

Shafee: What was your position in Wynton?

Ung: There was no real position, maybe an executive. I also helped set up the office, to oversee the renovation as it was a startup.

Shafee: Don’t be startled; I just need to ask this, the Wynton, is it not connected to Jho Low?

Ung: Yes it is.

Shafee: How is he connected?

Ung: I would describe him as the principal.

Shafee: So, basically he owned the company?

Ung replied: Yes.

Explaining in detail YR1M’s corporate social responsibility programmes, Ung said it launched 1,500 programmes between 2013 and 2018.

At this point, ad hoc prosecutor Datuk V. Sithambaram objected by saying that the questions asked by Shafee were irrelevant to the charges.

However, Shafee countered by saying he needs to disprove all these for genuine reasons.

Shafee had questioned Ung over the use of YR1M funds to help rural communities in Sarawak.

After hearing arguments by both parties, Justice Mohd Nazlan Mohd Ghazali asked the defence not to enquire too much about the background as not all information was important to the case.

Najib, 66, is facing three counts of criminal breach of trust, one count of abusing his position and three counts of money laundering involving SRC International funds amounting to RM42mil. — Bernama

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