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1MDB: witness says US$681 mil in Najib’s account came from illegal activities | Scoop
Assistant director of the Anti-Money Laundering Criminal Investigation Division Foo Wei Min has told the court that the US$681 million which entered Datuk Seri Najib Razak’s bank account in 2013 were proceeds of illegal activities. – Scoop pic, October 18, 2023
News

1MDB: witness says US$681 mil in Najib’s account came from illegal activities

Investigating officer says it originated from company’s US$3 bil bond raised

Bernama
Updated
7:14 PM MYT

 

KUALA LUMPUR – The high court here today was told that the US$681 million (approximately RM3.2 billion with current conversion rates) which entered into Datuk Seri Najib Razak’s bank account in 2013 were proceeds of illegal activities. 

Assistant director of the Anti-Money Laundering Criminal Investigation Division Foo Wei Min said that based on his investigations, the US$681 million which originated from 1Malaysia Development Bhd’s (1MDB) US$3 billion bond raised were entered into Najib’s Ambank account ending 694 between March 22 and April 10, 2013. 

The 48th prosecution witness also said that before the US$681 million were deposited, Najib’s account had an outstanding balance of RM879.8 million, which the witness said had originated from a “legitimate source”. 

The 47-year-old witness said he used the “First In, First Out” investigation method to determine whether the funds in Najib’s account were illicit or clean. 

At the end of today’s proceedings before judge Datuk Collin Lawrence Sequerah, deputy public prosecutor Ahmad Akram Gharib told the court that Malaysian Anti-Corruption Commission (MACC) investigating officer (IO) Nur Aida Arifin would be the next witness. However, they could not call her as they have yet to serve the defence with the witness statement.  

“Apart from that, the prosecution is still waiting for today’s document to be fully tendered in court and to be included in the IO’s statement before serving it to the defence. 

“The prosecution was almost at the end of the case. The defence has yet to finish their cross-examination on several witnesses namely the former Bank Negara Malaysia (BNM) governor Tan Sri Zeti Akhtar Aziz and BNM analyst Adam Ariff Mohd Roslan,” said the prosecutor. 

Najib, 70, faces four charges of using his position to obtain bribes amounting to RM2.3 billion belonging to 1MDB and 21 charges of money laundering involving the same amount. 

The trial continues on October 24. – October 18, 2023

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