KUALA LUMPUR, Sept 20 — Former prime minister Datuk Seri Najib Razak received US$681 million or RM2.081 billion in his personal AmIslamic bank account in 2013, with a detailed money trail involving banking documents showing that the money originated from a 1Malaysia Development Berhad subsidiary’s US$3 billion bond, the High Court heard today.
Over the last two days, Adam Ariff laid out the money trail for first and second phase of the 1MDB scheme, saying that the RM60 million and RM90 million which were sent to Najib’s AmIslamic account with the codename “AmPrivate Banking-MR” in 2011 and 2012 respectively could all be traced back to funds belonging to 1MDB and 1MDB’s subsidiary 1MDB Energy Limited’s .
Based on multiple banking documents, Adam Ariff said 1GIL on March 20, 2013 then instructed BSI bank to invest US$1.59 billion in three funds known as Devonshire Capital Growth Fund, Enterprise Emerging Markets Fund and Cistenique Investment Fund. AmIslamic bank on March 22, 2013 received the US$620 million from Tanore, with AmIslamic bank then transferring nearly the entire sum in eight batches to its client Najib’s AmPrivate Banking-MR account from March 22, 2013 to April 10, 2013. The US$620 million sum was converted into RM1,893,474,962.98 or over RM1.89 billion by AmIslamic bank before putting them into Najib’s account.
BBank Negara Malaysia analyst Adam Ariff Mohd Roslan is pictured at the Kuala Lumpur High Court Complex on September 20, 2023. ― Picture by Shafwan Zaidon