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Najib says US$620m in unused funds returned to source account with BNM approval

1MDB TRIAL | Former prime minister Najib Abdul Razak told the Kuala Lumpur High Court today that he had returned US$620 million (RM2.6 billion) of unutilised funds from a donation to the source account after seeking approval from Bank Negara Malaysia (BNM).

In his oral remarks preceding the defence submission, Najib said that the funds which had been the subject of intense media scrutiny were used for political and social welfare purposes and that he did not hold any offshore accounts.


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