KUALA LUMPUR: Some US$1.05bil went into Datuk Seri Najib Razak’s bank account between 2011 and 2013, and this was spent on corporate social responsibility and the 2013 general election.
The High Court was told that the monies were wired into Najib’s bank account ending 694 at AmBank in several tranches from different foreign senders.
“I only found out about the transactions after my statement was taken by the Malaysian Anti-Corruption Commission (MACC) and after my lawyer obtained related banking documents from AmBank,” Najib said yesterday.
The former premier, who was under examination-in-chief by lawyer Rahmat Hazlan, confirmed the transactions after he was referred to several banking documents.
He was taking the stand on the second day of defence trial in the SRC International Sdn Bhd case where he is accused of misappropriating RM42mil of SRC’s funds.
Najib said he was also shown
letters from a representative of King Abdullah Abdulaziz Al-Saud of Saudi Arabia, that said the king had bestowed him the monies and he could spend it as he wished.
“The letters were shown to me by my late principal private secretary Datuk Seri Azlin Alias, who informed me that he had received the same letters from fugitive financier Low Taek Jho or Jho Low.
“I understood that the letters were given to AmBank by Jho Low and they were also reported to Bank Negara and its then governor Tan Sri Zeti Abdul Aziz,” he said.
For the funds received in 2011 and 2012, Najib said he spent them on CSR initiatives.
For funds in 2013, Najib used parts of it for CSR and also to fund the general election that year to ensure Barisan Nasional would remain as the federal government.
“This was to ensure political stability and aligned with what King Abdullah wanted,” he said.
However, Najib said he did not spend all of the monies received in 2013 and returned about US$620mil to the sender, Tanore Finance
Corp, and a balance of RM162mil was transferred into one of his newly opened accounts in August 2013.
“Up until July 2013, I was told that there was a sum of money left in the 694 account, remnants from the RM2.1bil. The amount was more than I had planned to use.
“I was uncomfortable to have that much of funds in my account as I was worried that if the information was leaked, it would be spun out of context, politically,” he said.
Najib said he was told by Low in mid-2010 that Abdullah wanted to support his administration in the form of personal donations.
“From 2011 until 2014, I received a huge amount of money that I believed was a donation from King Abdullah as a sign of his support. Jho Low was the connection in the matter and I believed he arranged the donations for the Saudi royal family,” he said.
Najib is facing seven charges – three for criminal breach of trust, one for abuse of power and three for money laundering involving SRC International Sdn Bhd funds totalling RM42mil.
The hearing before Justice Mohd Nazlan Mohd Ghazali continues on Dec 9.
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