00:00 A key witness in Dr Seri Najib Razak's One Malaysia Development Burhad or 1MDB trial
00:06 reiterated that she did not make any deal with the prosecution to testify against the
00:10 former Prime Minister, the High Court heard.
00:12 Jasmine Liu, who was 1MDB's General Counsel, also disagreed with a suggestion by Najib's
00:17 lawyer, Tania Scevetti, that her testimony was in exchange for the prosecution not to
00:21 pursue her court cases.
00:22 Liu, who was a fugitive for five years, was charged in absentia under Section 179 of the
00:27 Capital Markets and Services Act 2007 with commissioning and abetment to misappropriating
00:32 $2.7 billion from three 1MDB bonds underwritten by Goldman Sachs in 2018.
00:38 The 50-year-old was also accused of allegedly laundering a total of $5.99 million for unlawful
00:43 activity received into the account of Riverdee International SA BVI in Falcon Private Bank
00:49 AG in Zurich.
00:50 The offence, under Section 4(1)(a) of the Anti-Money Laundering, Anti-Terrorism, Financing
00:55 and Proceeds of Unlawful Activities Act 2001 and punishable under Section 4(1) of the same
01:00 Act carries upon conviction a fine not exceeding 5 million ringgit or imprisonment not exceeding
01:05 five years or both.
01:07 Liu previously testified that she feared for her life and stayed put in Bangkok, Thailand
01:11 on the instructions of fugitive businessman Low-Tech Joe or Joe Low.
01:15 70-year-old Najib is on trial for 25 charges in total, 4 for abuse of power that allegedly
01:20 brought him the financial benefit to the tune of 2.28 billion ringgit and 21 for money laundering
01:25 charges involving the same amount of money.
01:27 The hearing continues before Justice Colin Lawrence-Sekirah today.
01:30 [End of Audio] Duration: 5 minutes and 40 seconds
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