Najib says he returned US$620mil of unutilised funds with Bank Negara's approval

The Star

The High Court in Putrajaya heard that Datuk Seri Najib Razak returned US$620mil of unutilised funds from a donation to the source with Bank Negara’s approval.  The former prime minister told the court that the funds he received were used for political and social welfare purposes and stressed that he did not hold any offshore accounts.  Read more at https://tinyurl.com/dj9xcc8s  WATCH MORE: https://thestartv.com/c/news SUBSCRIBE: https://cutt.ly/TheStar LIKE: https://fb.com/TheStarOnline

Transcript

00:00Former Prime Minister Datuk Seri Najib Razak told the High Court in Putrajaya on Tuesday

00:09that he returned US$620 million of unutilized funds from a donation to the source with Bank

00:16Negara's approval. Najib said the funds he received were used for political and social

00:21welfare purposes, and he stressed that he did not hold any offshore accounts. He said he would

00:26probably be the only alleged corrupt politician who returned the so-called gratification.

00:32He added that he would probably be the first in recorded history to have announced the so-called

00:35ill-gotten money to the Bank Negara Governor. He said several individuals linked to 1MDB,

00:41including former Chief Executive Officers, Aid and General Counsel, had carried out questionable

00:46transactions without facing legal consequences. He said such individuals were treated as credible

00:52witnesses despite their alleged misconduct. He said he was not asking for immunity and he was

00:58only seeking equality and the right to be treated like any other individuals. Earlier, the court

01:04was informed that the defense had compiled seven volumes of written arguments for the case, which

01:09will be submitted over the span of nine days. Najib is facing four counts of using his position to

01:15obtain 2.28 billion ringgit gratification from one MDB's funds and 21 counts of money laundering

01:22involving the same amount from February 2011 to December 2014.

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