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Malaysia’s ex-PM Najib Razak says Saudi king donated millions to ensure stability
- The funds from the late King Abdullah were a sign of support and to ensure political stability, the former premier testified
- Najib said he only found out about US$1.05 billion in his personal bank account after the anti-corruption commission took his statement
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Former Malaysian prime minister Najib Razak testified on Wednesday that funds donated by Saudi Arabia’s late monarch, King Abdullah Abdulaziz Al-Saud, were to ensure Malaysia can become the model of a stable and modern Islamic country. The funds were to be used at his own discretion.
He also said he only found out some 3.2 billion ringgit (US$1.05 billion) had been wired into his personal bank account between 2011 and 2013 after his statement was taken by the Malaysian Anti-Corruption Commission.
The funds were wired into Najib’s bank account ending with numbers 694 at AmBank through several tranches from different foreign senders.
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“I only found out about the transactions after my statement was taken by the Malaysian Anti-Corruption Commission (MACC) and after my lawyer obtained related banking documents from AmBank,” he said.
Najib, who was under an examination-in-chief by lawyer Rahmat Hazlan, confirmed the transactions after he was referred to several banking documents.
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