Asia Malaysia Najib in the dark over billions managed by others in his accounts

Najib in the dark over billions managed by others in his accounts

“Jho Low chose not to tell me about his involvement in my accounts. I only came to know about it during the course of my trial,” he told the court

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Former Malaysian prime minister Najib Razak told the High Court that other people were managing his private banking accounts and he did not give them the right to do so.

Once again, Najib is putting the blame on other people for the mess done with the 1MDB money that appeared in his accounts from so-called donations from the Saudi Arabia King.

Testifying in his SRC International trial today he once again says he was surprised upon discovering that AmBank was dealing with the fugitive Jho Low on his bank accounts.

“Jho Low chose not to tell me about his involvement in my accounts. I only came to know about it during the course of my trial,” he told the court.

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He once again insisted it was SRC CEO Nik Faisal Ariff Kamil who was the sole person empowered to manage his accounts.

Nik Faisal is also on the run from Malaysian justice.

He said it is his former aide, who passed away since then, who granted the permission or power to Nik Faisal to manage his accounts.

The ex-Premier says he was in the dark about the overdrawn status of his accounts and did not know whether former AmBank relationship manager Joanna Yu, would tell Low about his bank accounts.

Low, with Yu’s help, had deposited over RM12 million into his account in stages, and he did not know about that too.

He was also unaware that Malaysia’s Central Bank, Bank Negara Malaysia had issued warnings about the deposits, adding that the central bank had not informed him of the situation surrounding his accounts.

The hearing continues before High Court judge Mohd Nazlan Mohd Ghazali and Najib faces charges of money laundering, criminal breach of trust and abuse of power. -/TISG

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