PETALING JAYA: A banker told the KL High Court today that Datuk Seri Najib Abdul Razak’s Ambank account is “sensitive” as the ex-prime minister is a politically exposed person (PEP), The Malaysian Insight reports.
Ambank’s head of capital market desk Yap Wai Keat said this is because large amounts of money were being remitted in and out of his account.
“Because, this account belongs to Najib who is a PEP. So, we had to be careful in handling this kind of account,” he told lawyer Wan Aizuddin Wan Mohammed during cross examination.
Wan Aizuddin had asked Yap about the money flowing into Najib’s account, and how Yap knew for certain the money was for Najib as well as why the account is “sensitive”.
Yap, who is the 38th prosecution witness, said that he was informed by Ambank relationship manager Joanna Yu that the funds belonged to Najib.
“Yu had told us who the beneficiary of the money was.”
Wan Aizuddin was questioning Yap who said in his witness statement that Najib had received RM60 million from Prince Faisal bin Turki Al Saud in 2011.