Only Jho Low knew why funds were transferred, court told


PUTRAJAYA: Nobody knew why funds from SRC International Sdn Bhd were channelled into the bank accounts of Datuk Seri Najib Razak except for fugitive businessman Low Taek Jho, a figure central to the 1Malaysia Development Bhd scandal, the Court of Appeal heard.

Counsel Harvinderjit Singh, representing Najib, said this when he was asked by appellate court judge Justice Abdul Karim Abdul Jalil on why the millions of ringgit, said to be from SRC International, was deposited into Najib’s personal accounts.

“Only Jho Low can answer that, ” Harvinderjit said.

The lawyer was making submissions at the third day hearing of an appeal filed by Najib against his conviction and sentence in the SRC International case.

(In December 2014, two transactions – RM5mil and RM27mil – went through Najib’s account while another RM10mil was deposited in February 2015.)

Harvinderjit said RM27mil was put into the Pekan MP’s account because former AmBank relationship manager, Joanna Yu, who was in charge of servicing Najib’s account, had mentioned that the account balance was low.

Justice Abdul Karim, who chaired the three-man panel, also asked Harvinderjit on Low’s involvement in SRC International.

Justice Abdul Karim: When did Jho Low get involved in SRC International?

Harvinderjit: There is no evidence of his involvement.

According to previous testimony during the trial at the High Court, Low had no official role in 1MDB despite being heavily involved.

Harvinderjit also submitted that Low and other individuals were involved in the monetary transactions involving Najib’s accounts without the knowledge of the former prime minister.

“Why would the prime minister take money from a government-linked company and put it in his own accounts?” he said.

The appeal hearing continues today. Other judges on the bench are Justices Has Zanah Mehat and Vazeer Alam Mydin Meera.

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