BNM, MACC failed to investigate SRC’s RM58 million dubious transaction

The testimony of a bank branch manager in the on-going corruption trial of Datuk Seri Najib Razak today has raised several startling questions, mainly on the integrity, professionalism and independence of Bank Negara Malaysia (BNM) and Malaysian Anti-Corruption Commission (MACC).

The testimony by Norhayati Yunus of Affin Bank’s The Curve Branch at the Kuala Lumpur High Court on Monday, May 6 2019, seems to confirm the widely held perception that Najib had been subjected to selective political persecution by the current Pakatan Harapan (PH) regime.

During cross-examination by the defence, she testified that the SRC International Sdn Bhd had transferred RM58 million (the exact date is yet to be established in court) from its account in AmBank to Ihsan Perdana Sdn Bhd’s account in Affin Bank.

From Affin Bank, she testified that the RM58 million was transferred by Ihsan Perdana on January 13, 2015, to another bank account (which is yet to be established) belonging to a mysterious company, namely Mail Global Resources Sdn Bhd (MGR).

The main question here is why BNM and MACC failed to investigate such a suspicious transaction of big money.

Why these two law enforcement agencies are only going after Najib?

MGR is an unknown entity and the public didn’t know why the company received such large amount of money, which was more than the RM42 million that SRC allegedly deposited into Najib’s private account in AmBank.

Any independent law enforcement agency that upholds integrity and professionalism would have instantly investigated MGR and the money transaction.

BNM, for instance, should have at least raised the red alert flag.

But the highest financial regulatory body never did it, let alone investigate it.

MACC should have launched an instant probe into such suspicious and mysterious transfer of big money.

But the anti-graft body failed to do so.

Even if BNM or MACC had investigated the SRC-Ihsan Perdana-MGR transaction, they should have charged those behind the transaction if something was amiss or at least had revealed findings of their investigations by now.

Neither did both.

Their silence on the mysterious RM58 million is deafening.

Due to their incompetence and silence, one can’t be blamed to perceive that the former Prime Minister Najib was a targeted victim of selective political persecution.

Najib is now facing 7 charges of abuse of power, criminal breach of trust and money laundering involving RM42mil belonging to SRC International.

But the RM58 million that SRC transferred to Mail Global Resources via Ihsan Perdana had easily dwarfed the SRC-Najib RM42 million.

But MACC and BNM are mute about it.

Najib was charged with 7 counts of corrupt acts but no action on SRC’s RM58 million to MGR?

It’s strange that Najib had used his own private accounts to allegedly commit crimes when he could have easily manipulated MGR if the company was allegedly used as an avenue for money laundering or any other illegal money transaction if the former premier was a complicit to it.

But Najib didn’t.

Perhaps he is now paying a heavy price for his honesty due to vicious political witch-hunt.

Hearing is being presided by Justice Mohd Nazlan Mohd Ghazali.

Source: NTHQiBord

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