KUALA LUMPUR: Former prime minister Datuk Seri Najib Razak said RM42 million of SRC International Sdn Bhd funds was put in his personal accounts by fugitive financier Low Taek Jho (Jho Low) to disguise the latter’s own purloining of billions of ringgit from 1Malaysia Development Bhd. Testifying at his SRC trial, Najib added that the Penang-born Jho Low had intentionally siphoned money into the former premier’s personal accounts, so he would not ask any questions about the financier’s schemes. Najib also asserted the RM42 million as minuscule compared with Jho Low making off with billions of ringgit. The former prime minister said Jho Low perceived him as an investment from which the businessman had benefitted. Muhammad Shafee then asked Najib why Jho Low would want to scam him by crediting money into his personal accounts, a question the prosecution had also asked the accused during cross-examination.

Source: The Edge Markets February 05, 2020 02:03 UTC