Former Malaysian Prime Minister Najib Razak testifies that RM60 million transferred to his personal AmIslamic bank account in 2011 was not stolen from 1MDB but was a donation from Saudi Arabia. He claims it was financial support promised by the late Saudi King Abdullah.
Najib: Illogical that two Saudi princes would join Jho Low 's criminal conspiracy to give me RM60m; donation was not 1MDB money
Instead, Najib said the RM60,629,839.93 – which he received in two batches of US$10 million in February and June 2011 from the two Saudi princes – was a donation and financial support that the late Saudi Ruler King Abdullah had promised to him. “I cannot understand why two princes, HRH Prince Faisal bin Turki Al-Saud and HRH Prince Saud bin Abdulaziz Al Saud, would conspire with Jho Low to use their joint account to purportedly commit a criminal act to facilitate the misappropriation of funds to me for which these two princes would receive only US$4.5 million.
“I cannot fathom the ludicrousness of the prosecution’s claim that two Saudi princes, who are by no means short of money, would agree to such a scheme and tarnish their own reputations by participating in a criminal conspiracy with Jho Low. Najib said he was never alerted that the RM60 million did not come from a purported donation from the Saudi government.
Najib Razak 1MDB Saudi Arabia Jho Low Donation Trial
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