BNM Analyst: Part of 1MDB’s loan money went into Najib’s account

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BNM Analyst: Part of 1MDB’s loan money went into Najib’s account
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KUALA LUMPUR: The High Court today was told that more than £9.45 million of 1Malaysia Development Berhad (1MDB) was deposited into former Prime Minist...

: The High Court today was told that more than £9.45 million of 1Malaysia Development Berhad was deposited into former Prime Minister Datuk Seri Najib Abdul Razak’s private account in 2014.

The 47th prosecution witness said that the money was deposited into Najib’s account, ending with “880”, between June 23, 2014, to Dec 17, 2014. According to the prosecution’s opening statement at the beginning of the trial in 2019, it contended that the said amount was originally from 1MDB through its subsidiary, 1MDB Energy Holdings Ltd, where it obtained two loans totalling US$1.225 billion from Deutsche Bank Singapore.

The witness said this when verifying the money trail report at Najib’s trial involving the alleged misappropriation of RM2.3 billion of 1MDB funds.

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