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Former Malaysian prime minister Najib Razak arrives in court in Kuala Lumpur to face corruption charges. Photo: DPA

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
Malaysia
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.

“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.

The former premier was taking the stand on the second day of his trial in the SRC International case, in which he is accused of the misappropriation of 42 million ringgit (US$10.1 million) of company funds. The case forms part of the 1Malaysia Development Bhd (1MDB) scandal.

Najib said he was also shown letters from a representative of the late Saudi king relating to the funds the king had bestowed upon him.

“The letters were shown to me by my late principal private secretary Datuk Seri Azlin Alias who informed me that he had received the same letters from fugitive financier Low Taek Jho, or Jho Low.

“I understood that the letters were given to AmBank by Jho Low and they were also reported to Bank Negara and its governor then, Tan Sri Zeti Abdul Aziz,” he said.

The Kuala Lumpur Courts Complex, where former prime minister Najib Razak is on trial. Photo: Bloomberg

The funds were to be used at his own discretion and were spent on corporate social responsibility as well as the general election that year to ensure Barisan Nasional would remain as the government of the day, Najib explained.

“As the Umno president and the Barisan Nasional chairman, I have been given the power to raise funds for the party and for expenses related to the general election. This was a practice among past presidents and chairmen as well.

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“King Abdullah knew that there would be a general election in 2013. It seemed as if he [King Abdullah] did not want the negative impact of the Arab spring to affect Malaysia; especially as he had a positive view of the country as an example of a country that practises the real meaning of Islam,” Najib said.

“This was to ensure political stability and aligned with what King Abdullah wanted.”

Najib said that he and recipient bank AmBank received several letters about the donations, and these were in line with the donations.

Former Malaysian PM Najib Razak a ‘victim’ in 1MDB scandal – lawyer

Najib said he returned about 2.6 billion ringgit (US$620 million) to one of the senders, Tanore Finance Group, and a balance of 162 million ringgit was transferred into one of his newly opened accounts in August 2013.

“Up until July 2013, I was told that there was a sum of money left in the 694 account. The amount was more than I had planned to use in the nearest time.

“I was uncomfortable to have that much of funds in my account as I was worried that if the information was leaked, it would spin out of context, politically,” he said.

From 2011 until 2014, I received a huge amount of money that I believed was a donation from King Abdullah as a sign of his support
Najib Razak

The court earlier heard from Najib that Low had told him in mid-2010 that King Abdullah wanted to support to Najib’s leadership in the form of personal donations, and arranged meetings with the monarch.

“From 2011 until 2014, I received a huge amount of money that I believed was a donation from King Abdullah as a sign of his support. Jho Low was the connection in the matter and I believed he arranged the donations for the Saudi royal family,” he said.

Low told him that the king admired Malaysia’s ability to practise moderation in Islam and equality between Muslims and non-Muslims.

Najib Razak waves as he leaves court in Kuala Lumpur. Photo: AP

The meetings between the former prime minister and King Abdullah took place during a series of visits to Riyadh and Jeddah.

“According to Jho Low, King Abdullah wanted to confer me with the highest civilian honour in Saudi Arabia, which was the King Abdulaziz Order of Merit (1st Class).” Najib said he received the award in January 2010.

The award had been previously conferred on former US president Barack Obama and Russian president Vladimir Putin.

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Najib is facing seven charges – three for criminal breach of trust, one for abuse of power and three for money laundering involving SRC International funds totalling 42 million ringgit (US$10.1 million)

The hearing continues before Justice Mohd Nazlan Mohd Ghazali on December 9.

Read the original article at The Star Online .

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