‘Najib believed shell company was owned by Saudi Arabia’

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Court News

Najib Razak,1MDB,Blackstone

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KUALA LUMPUR: Datuk Seri Najib Tun Razak believed that the shell company, Blackstone Asia Real Estate Partners, that received millions in funds from 1Malaysia Development Berhad which subsequently flowed into his personal bank account, was either controlled or owned by the government of Saudi Arabia, the High Court heard yesterday.

The 49th prosecution witness was responding to a question by Najib’s lawyer, Wan Azwan Aiman Wan Fakhruddin, regarding the transactions between Blackstone and Najib’s personal account ending with the numbers 9694. Wan Azwan Aiman: You agree that, during the recording of the statement by the MACC, Najib was never confronted with any document that Eric Tan was a beneficiary of Blackstone?The witness also agreed that Najib had never instructed Eric to transfer RM90,899,927.30 into his personal bank account in 2012, and she also concurred that the commission did not take any statement from Eric, pertaining to the transaction.

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Najib believed Saudi govt owned offshore company, says witnessKuala Lumpur: The High Court heard today that Najib Razak believed the shell company, Blackstone Asia Real Estate Partners, was either controlled or owned by the government of Saudi Arabia.
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