1MDB trial: Najib did not use money in his account to buy yacht, investigating officer confirms

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KUALA LUMPUR, Nov 7 — Former prime minister Datuk Seri Najib Razak did not use the money in his private AmIslamic bank account — which was alleged to have received illegal...

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Assistant Commissioner of Police Foo Wei Min gave this testimony as the 48th prosecution witness in the trial where Najib is facing 25 charges over more than RM2.27 billion of 1MDB funds. “You agree he spent a lot on political and welfare purposes generally speaking, if you look at what he spent on, he paid for Umno Batu Kawan Penang, he paid for Umno here and there and various expenses that he made, they are either for CSR, welfare or political purposes,” Shafee suggested, referring to corporate social responsibility .Foo confirmed that he had done tracing on why these individuals were paid.

Foo had testified that money from a US$3 billion bond issued by 1MDB’s subsidiary 1MDB Global Investments Limited had reached Tanore, and that Tanore had transferred RM2.081 billion of these “ill-gotten gains” or illegal funds into Najib’s “AmPrivate Banking-MR” account in nine transactions between March 22 to April 10, 2013.

 

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