KUALA LUMPUR: More than RM60.6mil was transferred into a personal account belonging to Datuk Seri Najib Razak via two transactions in February and June 2011, says a Bank Negara analyst.
Adam Ariff Mohd Roslan, 29, told the High Court here that the former prime minister received RM60,629,839.43 from Prince Faisal bin Turkey Bin Bandar Alsaud on Feb 23, 2011 and on June 13 the same year.
The 47th prosecution witness was verifying the money trail report at Najib’s trial involving the alleged misappropriation of RM2.3bil in 1MDB funds.
He also said the ordering customer’s (Prince Faisal) bank account number was the same Riyadh bank account number that Good Star Ltd sent funds to earlier, reported Bernama.
Good Star Ltd is a company owned by fugitive businessman Low Taek Jho or Jho Low.
“The Riyadh bank account transferred funds to Najib’s account one to three business days after Good Star Ltd sent funds to the Riyadh bank account.
“Based on the proximity between the dates ... as well as the proximity of the value of funds sent to the Riyadh bank account and the funds it transferred to Najib’s account, it is reasonable to believe that the Riyadh bank account was used as a pass-through account to transfer money from Good Star Ltd,” said Adam Ariff.
Earlier, Adam Ariff said that in the three years from 2009 to 2011, Good Star Ltd had received over US$810mil from 1MDB.
“Examination of Good Star’s bank statement for account No.11116073, which includes the US$ current account No.11116073.2000 and CHF (Swiss franc) current account No.11116073.2007, confirms the receipt of the funds from 1MDB and Petrosaudi International Ltd (PSI) director Tarek Obaid,” he said.
The witness added that 1MDB had transferred US$700,000,000 and US$110,000,000 into a RBS Coutts account belonging to Good Star.
“Prior to the US$700mil from 1MDB, the balance in the Good Star account was zero,” he said.
Najib, 70, is facing four charges of using his position to obtain bribes amounting to RM2.3bil belonging to 1MDB and 21 charges of money laundering involving the same amount.
The trial before Justice Datuk Collin Lawrence Sequerah continues today.