Najib received RM2.28bil of 1MDB's proceeds from 2011, says analyst

The Star

An analyst from Bank Negara Malaysia told the Kuala Lumpur  High Court on Wed (Aug 30) that Datuk Seri Najib Tun Razak received RM2.3 billion of 1Malaysia Development Berhad proceeds over four phases from 2011 to 2014 through his two personal accounts at AmIslamic Bank Berhad.  Adam Ariff Mohd Roslan, said, according to his analysis, the money trail of the said funds received by the specified two personal bank accounts could be traced and separated into four phases, namely the Good Star phase, Aabar-BVI phase, Tanore phase and the options buyback phase between 2011 and 2014.  Read more at http://rb.gy/5gymo  WATCH MORE: https://thestartv.com/c/news SUBSCRIBE: https://cutt.ly/TheStar LIKE: https://fb.com/TheStarOnline

Transcript

00:00 An analyst from Bank Negara Malaysia told the Kuala Lumpur High Court on Wednesday that

00:08 Datuk Srinajit Tun Razak received RM2.3 billion of one Malaysia Development Berhad proceeds

00:15 over four phases from 2011 to 2014 through his two personal accounts at M Islamic Bank

00:22 Berhad. Adam Arif Mohd Roslan said according to his analysis, the money trail of the said

00:28 funds received by the specified two personal bank accounts could be traced and separated

00:33 into four phases, namely the Goodstuff phase, ABBA BVI phase, Ternary phase and the Options

00:40 Buyback phase between 2011 and 2014. The 47-prosecution witness said this when reading out his witness

00:48 statement at the former premiers' trial involving alleged misappropriation of RM2.3 billion

00:54 of 1MDB funds. Najib faces four charges of using his position to obtain bribes amounting

01:00 to RM2.3 billion belonging to 1MDB and 21 charges of money laundering involving the

01:07 same amount. The trial before Judge Datuk Colin Lawrence-Akwera continues.

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