Saudi letter to Najib hints at intention to give another US$800mil, High Court hears

KUALA LUMPUR: The High Court here heard that Tanore Finance Corp had wanted to hand over another US$800mil as a donation to former prime minister Datuk Seri Najib Razak in 2013.

Najib's defence team made the contention during the cross-examination of prosecution witness Yap Wai Keat, who is AmBank's private banking capital market desk head.

During the proceedings here on Monday (Oct 3), lawyer Wan Aizuddin Wan Mohammed read out another letter from the former governor of Madinah Province, Saud Abdulaziz Majid Al Saud, which was addressed to Najib in March 2013.

According to the letter, he said Saud had gifted another US$800mil to Najib which shall be remitted "at such times and such manners" as he deemed fit either directly from his personal account or through an entity such as Tanore Finance Corp.

The donation was in recognition of the work Najib had done to govern Malaysia in line with Islamic principles and his Global Movement of the Moderates to deal with terrorism and extremists groups.

Saud also said in the letter that Najib has the absolute discretion as to how the donation should be utilised.

However, when asked if he had seen the letter, Yap said he could not recall but there was a possibility that he could have seen it from Najib's AmBank relationship manager Joanna Yu.

Najib, 69, is facing four charges of using his position to obtain bribes totalling RM2.28bil from 1MDB funds and 21 charges of money laundering involving the same amount.

The hearing continues this afternoon before Justice Collin Lawrence Sequerah.

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Najib Razak , Donation , Saud , High Court


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