Najib’s RM42m trial: Spider web of money transfers involving his personal accounts
Editor’s note: The trial so far is difficult to follow but this summary by Kenneth Tee helps us focus on the paper trail. Basically you can see RM37 million flowed from Ihsan Perdana to one of Najib’s account, and another RM5 million to another of his accounts. And you can see Najib paying out from these accounts to a variety of recipients.
By Kenneth Tee
KUALA LUMPUR, April 29 — A flurry of fund transfers involving Datuk Seri Najib Razak’s personal bank accounts were part of a complex money trail that has emerged in the former prime minister’s money laundering trial.
Najib is currently on trial over seven charges, including money laundering and criminal breach of trust of over RM42 million belonging to former 1Malaysia Development Berhad (1MDB) subsidiary SRC International Sdn Bhd.
At the start of Najib’s trial, Attorney General (AG) Tommy Thomas said evidence would show that the RM42 million flowed from SRC International through two other companies before reaching Najib’s accounts.
So what happened to the RM42 million in Najib’s accounts that are said to be proceeds of unlawful activities, or funds from illegal sources?
Here’s what we know so far of the complex web of bank transactions that involved major local banks.
Malay Mail gives you a quick breakdown of money transfers between Najib’s bank accounts based on news reports and testimony provided by the 21st prosecution witness — AmBank Jalan Raja Chulan branch manager R.… Read the article