LIVE | NajibTrial 10.35am - 'Unusual' transactions may indicate knowledge of incoming funds - banker Follow our live reports at
Section 4 of Anti-Money Laundering, Anti-Terrorism Financing and Proceeds of Unlawful Activities Act 2001Maximum 15 years jail, and fine up to RM5m or 5 times the amount, whichever is higher, for each chargeMulti-million ringgit cheques caused overdraft- AmBank Raja Chulan branch manager R Uma Devi agrees with the defence on the unusual nature of transactions involving money going in and out of the three AmBank accounts that went from overdraft to being regularised again.
Uma Devi adds that only the AmBank relationship manager would know what was the purpose of these transactions were. If convicted, the Pekan MP can be sentenced up to 20 years' jail, whipping and fine for the CBT charges; 20 years' jail and a fine not less than five times the amount involved or RM10,000, whichever is higher, for the abuse of power charge; and 15 years' jail and a fine up to RM15 million or five times the amount involved, whichever is higher, for the money laundering charges.
Yesterday, the issue of Najib returning US$620 million to a purported Saudi donor was raised during the cross-examination by Harvinderjit. "Do you agree that it appears the bank had acknowledged this amount of money credited in the account was a donation and gift, and a representation to the bank in 2013, ‘I am returning the unutilised portion back’?" Harvinderjit said, adding that this implied the money was returned to the sender.
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