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'BNM only discovered in 2015 that 1MDB sent US$700m in 2009 to wrong company'

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Kuala Lumpur: Bank Negara Malaysia (BNM) only found out in 2015 following a foreign authority’s tip-off that 1Malaysia Development Berhad (1MDB) had in 2009 sent out US$700 million to the bank account of the wrong company — now known to be Low Taek Jho’s Good Star Limited, the High Court heard today.

Former BNM governor Tan Sri Zeti Akhtar Aziz, testifying as the 46th prosecution witness in former prime minister Datuk Seri Najib Razak’s trial over RM2.28 billion of 1MDB funds, said the fact that this discovery came years later was not uncommon as investigations into such matters take time.

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