KUALA LUMPUR: The corruption trial of Najib Razak heard today that the then-prime minister opened current and saving accounts in AmBank as he was expecting up to US$200 million in donations from Saudi Arabia.
Cheah, now a non-executive director of AmBank, said he later met Bank Negara governor Zeti Akhtar Aziz about the matter. “I then met with AmBank chairman Azman Hashim in his office to discus the matter. He asked me to personally attend to it,” he said.Cheah said he met Najib at the latter’s private residence in Jalan Langgak Duta here around 7pm in January 2011 to discuss opening the accounts.
She said records revealed the RM2.6 billion came as a donation and gift from Faisal bin Turki, a member of the Saudi royal family, as well as from Blackstone Asia Real Estate Partners. She said Najib then transferred RM162 million to a new account number ending 880, while the earlier current account ending with the number 694, was closed.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Malaysia Latest News, Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Day 39: Jho Low ushered me into Najib's house in 2011, says former AmBank MDLIVE | NajibTrial 3.10pm - Najib didn't lodge police report against me over the RM42m transfer into his account: Witness Follow our live reports at
Source: malaysiakini - 🏆 20. / 51 Read more »
SRC Trial: Former YR1M CEO worked for investment firm controlled by Jho Low | Malay MailKUALA LUMPUR, July 16 — The former chief executive of Yayasan Rakyat 1Malaysia (YR1M) previously worked for Wynton Private Equity Group Sdn Bhd from 2004 to 2006, an investment firm formerly owned by fugitive financier Low Taek Jho or Jho Low, the High Court heard today. Ung Su Ling, a lawyer and...
Source: malaymail - 🏆 1. / 86 Read more »
Former charity CEO denies taking orders from Jho Low | The Malaysian InsightDuring cross-examination, witness says orders to move money between accounts came from Najib aide Azlin Alias.
Source: msianinsight - 🏆 8. / 63 Read more »
RM42b remittance: Former Jho Low staffer points finger at Najib's ex-aideNAJIB TRIAL | Ung Su Ling denies being instructed to make the transfers by the fugitive businessperson.
Source: malaysiakini - 🏆 20. / 51 Read more »
Day 39: Former AmBank MD identifies Jho Low via two photosLIVE | NajibTrial 3.45pm - Jho Low ushered me into Najib's house in 2011, says ex-AmBank MD Follow our live reports at
Source: malaysiakini - 🏆 20. / 51 Read more »
Former YRIM CEO denies receiving instructions from Jho lowKUALA LUMPUR: The 49th prosecution witness in Datuk Seri Najib Abdul Razak’s trial today denied that she obtained instructions from fugitive businessm...
Source: theSundaily - 🏆 25. / 51 Read more »