PETALING JAYA: Former prime minister Najib Razak received funds totalling US$30 million (RM140.8 million) which originated from US$1.64 billion belonging to a 1MDB subsidiary in 2012, the High Court heard today.
Relying on multiple banking documents to show the money trail, Bank Negara Malaysia analyst Adam Ariff Roslan explained that the funds which entered Najib’s AmIslamic accounts could all be traced back to 1MDB subsidiary, 1MDB Energy Ltd.Adam also testified how US$20 million from the 1MDB subsidiary was channelled to several entities, including a company belonging to Malaysian fugitive Low Taek Jho’s associate Tan Kim Loong, before reaching Najib’s private AmIslamic bank account.
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