New revelation on RM2.6b: Ex-PM cites sub judice, declines comment
Former premier Najib Abdul Razak has declined to comment on the latest revelation in the US Department of Justice's (DOJ) 1MDB-related filings, citing sub judice.
"I cannot comment as it is in the court," he said when quizzed on this during his campaign trail for BN candidate Zakaria Hanafi in Semenyih...
Former premier Najib Abdul Razak has declined to comment on the latest revelation in the US Department of Justice's (DOJ) 1MDB-related filings, citing sub judice.
"I cannot comment as it is in the court," he said when quizzed on this during his campaign trail for BN candidate Zakaria Hanafi in Semenyih.
He was asked regarding DOJ's claim that US$681 million from Tanore Finance Corp went to the account of “Malaysian Official 1 (MO1)” under false pretences.
Previously, it was established that MO1 referred to Najib.
The former premier has maintained that the US$681 million, which is equivalent to RM2.6 billion based on the exchange rate at the time, was a donation from a Saudi royalty.
He had also produced letters which purportedly proved his claims about the donation in September last year.
Tanore was a company whose account with Falcon Bank was controlled by fugitive businessperson Jho Low's associate Eric Tan Kim Loong.
Read more: DOJ: Jho Low gave MO1 US$10m under guise of Mecca ‘project’
The DOJ said an email sent from Tan's account to Falcon Bank had claimed that MO1's bank account was that of former 1MDB subsidiary SRC International.
"The email also falsely represented that the transfer of US$681 million to that account was being made pursuant to a sharia-compliant financing agreement, known as a Mudharabah Agreement, between Tanore and SRC International," the department added.
A copy of the alleged financing agreement signed by Tan and an individual dubbed "1MDB-SRC Officer" was submitted to Falcon Bank to facilitate the transfer.
"1MDB-SRC Officer" is believed to be former SRC International director Nik Faisal Ariff Kamil.
The DOJ said Tanore was a shell company with no legitimate business.
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