KUALA LUMPUR: An analyst from Bank Negara has told the High Court here that fugitive businessman Low Taek Jho or Jho Low opened a Swiss bank account for his company Good Star Ltd, three months before the entity received US$700mill of 1Malaysia Development Berhad's funds in 2009.
The 47th prosecution witness said according to banking records, 1MDB instructed Deutsche Malaysia to make the US$700mil transfer. However, Najib's counsel Muhammad Farhan Muhammad Shafee said that the defence team maintained its objection over the admissibility of the document that the prosecution was relying on to prove Good Star's account opening.
Reading out his July 2023 money trail report which gave a detailed analysis of the money that entered Najib's personal bank accounts, Adam Ariff said he had made the statements and analysis in the report in good faith and said these were based on information up to the date of the report that is believed to be reliable and accurate.