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Tuesday, November 29, 2022

Former 1MDB director admits that 1MDB money entered Najib’s private accounts

NewsFormer 1MDB director admits that 1MDB money entered Najib's private accounts

Former director of 1Malaysia Development Bhd (1MDB), Tan Sri Ismee Ismail has changed his testimony and told the High Court that a total of RM2.28 billion from 1MDB transactions had gone into the personal accounts of former Prime Minister, Datuk Seri Najib Tun Razak.

According to a report by Bernama, Ismee had change his statement on the matter and agreed with the prosecution after being shown a flow chart of several layers of processes involving Deutsche Bank and Islamic Medium Term Notes (IMTN) loan facilities.

This is contradicting with his previous testimony that Najib did not benefit from 1MDB money.

Source: Twitter

Meanwhile, the documents that were shown to Ismee by Senior Deputy Public Prosecutor, Datuk Seri Gopal Sri Ram showed the amount had gone through several layers of processes before ending up in Najib’s personal Ambank accounts with the final numbers 694 and 880.

“Would you like to reconsider your answer that the accused did not receive any benefit from all these transactions?” Sri Ram asked and Ismee responded, “All of these documents were not shown to me during cross-examination.”

Source: The Star

Sri Ram then asked if he would like to change his answer and Ismee said, “From the chart, I can see a number of the funds have gone into the accounts.”

Sri Ram questioned, “You mean, a sum of the funds belonging to 1MDB had gone into the accused’s accounts?” to which Ismee agreed.

Sri Ram also asked Ismee about his views on the relationship between Najib and fugitive businessman, Jho Low. “During that period, from your observations, what can you conclude about the relationship between Jho Low and Najib?”

In response, Ismee said, “I believe they have a close relationship”, adding that he does not have any personal knowledge of how Najib and Jho Low shared 1MDB funds.

Stay tuned for more updates.

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