Najib received US30mil from Jho Low shell company, witness tells court

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KUALA LUMPUR: An analyst from Bank Negara Malaysia (BNM) told the High Court here on Tuesday (Sept 19) that a personal account belonging to Datuk Seri Najib Tun Razak received US$30mil from a shell company, Blackstone Asia Real Estate Partners, purportedly set up by fugitive businessman, Low Taek Jho or Jho Low.

Adam Ariff Mohd Roslan, 29, said on Oct 30, 2012, a sum of US$5mil was paid and another US$25mil was paid on Nov 19 of the same year."Standard Chartered Bank’s records for Blackstone Asia Real Estate Partners confirmed that the beneficiary account for both transfers was account number ‘2112022009694’ held under the name ‘AmPrivate Banking - MR’ with AmIslamic.

The 47th prosecution witness said this when verifying the money trail report at Najib’s trial involving the alleged misappropriation of RM2.3bil of 1MDB funds. Earlier, Adam Ariff confirmed the RM60.6mil received by the accused in his personal bank account on February and June 2011 originated from Islamic medium-term notes bond issued in 2009 by 1Malaysia Development Bhd predecessor, Terengganu Investment Authority . TIA was renamed 1MDB on Sept 25, 2009.

The prosecution will also show US$681mil or over RM2bil had been transferred in the third phase and transactions in British pounds that were equivalent to a combined total of over RM49mil during the fourth phase.

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