In a startling revelation at the High Court, Bank Negara Malaysia analyst Adam Ariff Mohd Roslan, aged 29, has disclosed that more than £9.45 million of 1Malaysia Development Bhd (1MDB) loan funds were funneled into the private account of Datuk Seri Najib Razak in 2014. This latest development has thrown new light on the complex web of financial transactions surrounding the 1MDB scandal, implicating the former Malaysian Prime Minister.
The funds in question originated from two foreign entities, Blackrock Commodities (Global) Ltd and Vista Equity International Partners. These companies, under the control of Eric Tan Kim Loong, are believed to have ties to the elusive businessman Low Taek Jho, commonly known as Jho Low. Adam Ariff testified that these transactions occurred between June 23, 2014, and December 17, 2014, with Blackrock transferring £750,000 on June 19, 2014, and Vista Equity contributing £8,706,021.92 via five separate transactions.
The prosecution maintains that the £9.45 million in question can be traced back to 1MDB, specifically through its subsidiary, 1MDB Energy Holdings Ltd. This subsidiary had secured two loans totaling US$1.225 billion from Deutsche Bank Singapore, as highlighted in the opening statement during Najib's trial in 2019.
Crucially, Adam Ariff disclosed that Najib's private account, which ended with the number "880," held RM100,000 prior to the influx of the £750,000 from Blackrock. This revelation bolsters the prosecution's argument that these transactions are indicative of the misappropriation of 1MDB funds.
Najib Razak, now 70 years old, appeared in court, dressed in a dignified blue suit and tie. His supporters occupied seats in the public gallery, bearing witness to the unfolding legal proceedings.
Najib faces a total of 25 charges, including four charges of abusing his position to secure bribes amounting to RM2.3 billion from 1MDB and 21 charges related to money laundering involving the same staggering sum. The trial, presided over by Judge Datuk Collin Lawrence Sequerah, is set to continue on October 9, promising further revelations in this high-profile case that has captivated the nation and the world.
Reference: ‘Part of 1MDB loan went into Najib’s account’ | The Star
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