Kuala Lumpur: An investigating officer from the police force told the High Court hearing Najib Razak’s 1MDB trial that Umno benefitted from 1MDB funds to the tune of more than RM20 million.
Foo Wei Min from Bukit Aman’s commercial crime investigation department said he was tasked to probe the former prime minister’s receipt and use of funds in his account 10 years ago.Foo said his investigation ran simultaneously with a probe by the Malaysian Anti-Corruption Commission involving Najib’s alleged abuse of powers.
Foo said a sum of US$1.59 billion was transferred by 1MDB to three offshore funds belonging to Cistenique Investment Fund , Devonshire Funds Ltd and Enterprise Emerging Markets Fund or EEMF .Subsequently, he said Devonshire transferred US$640 million to Tanore Finance Corporation, while Cistenique and EEMF deposited a total of US$625 million into the same account.
Other recipients of funds identified by the witness were Lim Soon Peng , Orb Solutions Sdn Bhd and Semarak Konsortium Satu Sdn Bhd .
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