US$620 million returned, not to Najib's account - Angela
AN international liquidator told the High Court today that US$620 million returned by Datuk Seri Najib Razak in 2013 to its sender did not go back into the former Prime Minister's account. Angela Barkhouse, who is also an offshore asset recovery ...
The High Court heard today that US$620 million returned by former Prime Minister Datuk Seri Najib Razak in 2013 to its sender, Tanore Finance Corp., did not go back into Najib's personal account. Angela Barkhouse, an offshore asset recovery expert and Head of Kroll's Offshore Practice, confirmed that the funds were given to Tanore Finance Corp., the party that originally sent the money.
The trial, brought by 1Malaysia Development Berhad (1MDB) and four others, accused Najib and six others of misappropriating US$5.6 billion. During the proceedings, it was revealed that Najib returned the US$620 million due to his discomfort with keeping such a large sum in his account after the 2013 general election. However, Angela emphasized that the return was not in line with the instructions given by businessman Eric Tan Kim Loong, whose statement mentioned the return was related to SRC International. The trial, presided over by Judicial Commissioner Mohamad Redzuan Idrus, continues tomorrow.
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