Ex-CFO confirms billions of 1MDB went to Najib’s bank accounts
KUALA LUMPUR (May 17): Billions of ringgit belonging to 1Malaysia Development Berhad (1MDB) had been deposited in two bank accounts belonging to former Prime Minister Datuk Seri Najib Razak, but he never disclosed it in meetings, a court witness confirmed today.
Former 1MDB CFO Azmi Tahir confirmed today that he personally never received a single sen of embezzled or embezzled funds from 1MDB, but instead agreed that the charts of cash flows out of 1MDB entities and documents presented to him in court showed that 1MDB money had gone into Najib’s AmBank accounts.
Azmi said this while testifying as the 12th prosecution witness in Najib’s trial for the embezzlement of over RM2 billion of 1MDB funds.
Senior Prosecutor Datuk Seri Gopal Sri Ram showed several charts showing how money belonging to 1MDB passed through several entities before finally reaching two AmBank accounts, which Azmi said were AmBank accounts identified on documents as being under the name Najib.
The first cash flow chart that Sri Ram presented to Azmi showed that US$5 million (approximately RM15 million at the time) from a subsidiary of 1MDB was eventually transferred to an AmPrivate bank account ending by 2009694 between October 30 and October 31, 2012. , and that just over RM75 million from another subsidiary of 1MBD was transferred to this same account between November 19 and November 20, 2012.
Azmi confirmed that this AmBank account was not his, but confirmed from another document that this account number was in Najib’s name.
Sri Ram: All these funds belong to 1MDB as you can see. Can you confirm, by looking at the documents, who received these sums?
Azmi: It says here that the account belongs to Datuk Seri Najib.
Sri Ram: Were you ever aware that he was siphoning off money like that?
Sri Ram: Sums belonging to 1MDB, you were not aware?
Azmi: No, I wasn’t aware.
Sri Ram then showed another cash flow chart from another subsidiary of 1MDB where around US$680 million or the equivalent of over RM2.081 billion had gone through a series of transactions before ending up in the same account. AmBank ending in 2009694 via nine transactions. between March 21 and April 10, 2013.
Azmi again confirmed that he could see that the beneficial owner of this account was Najib.
When Sri Ram asked again if Azmi knew that Najib had allegedly siphoned off these funds, Najib’s lawyer Datuk Hariharan Tara Singh objected saying that this question would not be fair when asked at this stage. of the witness’s testimony.
Sri Ram then asked if Azmi was aware that Najib had received those funds, and Azmi replied, “No, I am not.”
Azmi also confirmed that Najib never disclosed at any of the meetings that he received these funds.
Sri Ram showed that a $250 million bank loan that a subsidiary of 1MDB took out in 2014 ultimately allowed more than RM4.093 million of those borrowed funds to be paid into an AmPrivate Banking AmIslamic bank account whose the issue ends with 1880.
Sri Ram also showed how a US$975 million bank loan that 1MDB had taken ended up with the money circulating through different entities, before some of those borrowed funds amounting to around US$45 million RM only went in 2014 via four transactions to the same bank account. with the issue ending in 1880.
Confirming that a bank statement shows that this bank account ending in 1880 also belonged to Najib, Azmi again stated that he was unaware that this money had been received by Najib.
Sri Ram then asked, “In any of your meetings with him, whether in the executive or in the board or any meeting of the board or any meeting that you had with him, did he reveal that he had received these funds?
Azmi replied, “No, never.” – Malaysian Mail