Najib’s trial: Ex-banker says his suspicions about 1MDB fell on ‘deaf ears’ as higher-ups encouraged transactions

Swampillai was testifying as the 44th prosecution witness in Datuk Seri Najib Razak’s trial, where the former prime minister is accused of having received RM2.28 billion of money originating or belonging to 1MDB into his private bank accounts.

Swampillai had explained that from a compliance perspective, all the bank needed was for the authorised signatory of the account to sign off on transactions, instead of having to view the board’s approval for such transactions. Shafee then asked if it was possible that Low — better known as Jho Low —had chosen BSI as its compliance standards were low.

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