Najib-SRC Trial: Jho Low Controlled Accounts, Companies Via Proxies, Cronies

By Aathi Shankar

Fugitive businessman Low Taek Jho or Jho Low was ultimately in control of Ambank accounts belonging to former Prime Minister Datuk Seri Najib Razak, SRC International Sdn Bhd and Gandingan Mentari Sdn Bhd.

Former Ambank officer Joanna Yu Ging Ping told the Kuala Lumpur High Court that Jho Low was also controlling Permai Binaraya Sdn Bhd, Putra Perdana Construction Sdn Bhd and Putra Perdana Development through his proxies and cronies.

The 48-year-old testified before Judge Mohd Nazlan Mohd Ghazali today, Thursday, August 1, 2019, that those managing the companies were taking instructions from Jho Low and executing those orders.

After 47 days of hearing testimonies from 55 witnesses, the Najib-SRC International corruption trial managed to establish the fact that Najib’s accounts in Ambank and all these companies were manipulated and misused by Jho Low to execute his financial scam.

Joanna Yu, the 54th prosecution witness, admitted that certain documents and her BBM chats with Terence Geh Choh Heng, a former executive director of 1Malaysia Development Sdn Bhd (1MDB), confirmed that Jho Low had the controlling ability over SRC International accounts in Ambank.

Jho Low was the ultimate player issuing all sorts of instructions to Joanna Yu, Terence Geh and former SRC International CEO Nik Faisal Ariff Kamil pertaining to accounts linked to Najib, SRC International and Gandingan Mentari.

During the cross-examination, Joanna Yu, 48, agreed with the defence suggestion that Jho Low had deceived her by hiding the fact that all the monies transferred into Najib’s accounts were from SRC International.

Najib currently faces seven corruption charges pertaining to SRC International funds.

The charges were 3 each for CBT under Section 409 of the Penal Code and money laundering under Section 4 of the Anti-Money Laundering, Anti-Terrorism Financing and Proceeds of Unlawful Activities (AMLA) Act 2001, and 1 for abuse of power under Section 23 of the Malaysian Anti-Corruption Act (MACC) 2009.

Najib was charged with committing the offences at AmIslamic Bank Bhd in Jalan Raja Chulan and the Prime Minister’s Office in Putrajaya between Aug 17, 2011, and Feb 10, 2015.

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