THE Kuala Lumpur High Court was told today US$681 million, or RM1.89 billion, in 1Malaysia Development Bhd (1MDB) funds entered Najib Razak’s personal bank account via eight transactions in 2013.

Bank Negara Malaysia analyst Adam Ariff Mohd Roslan, 29, said the funds were transferred between March 22 and April 10, 2013, by Tanore Finance Corp, which is controlled by Eric Tan Kim Loong, allegedly an associate of fugitive businessman Low Taek Jho.

Previously, it was reported Tanore received US$890 million from 1MDB’s subsidiary, 1MDB Global Investment Limited’s (1GIL) via two fiduciary funds – Devonshire Capital Growth Fund and Enterprise Emerging Markets Fund (EEMF) – in March 2013.

Today, Adam Ariff, the 47th prosecution witness, confirmed Tanore credited US$681 million into Najib’s account between March 22 and April 10, 2013.

“According to Najib’s bank statement, it was revealed RM465 million was credited via three transactions on March 22, 2013, and RM369,974,962.98 was transferred on March 28 the same year via two transactions,” he said when verifying the money trail report at Najib’s trial over the alleged misappropriation of RM2.3 billion in 1MDB funds.

On April 8, 2013, he said, Najib received a sum of RM152.5 million from Tanore, another RM304 million on April 9, and RM602 million on April 10.

On the first day of the trial on August 28, 2019, the prosecution contended on March 14, 2013, Najib signed a letter of support to raise a loan through the issue of bonds by 1MDB from the Bank of New York Mellon Group in the sum of US$3 billion, and on March 19, 2013, a sum of US$2.721 billion was disbursed into 1GIL’s account with BSI Bank at Lugano in Switzerland.

From the US$2.721 billion, a sum of US$1,060,606,065 was paid into Devonshire and EEMF. Devonshire received US$646,464,649 in five tranches while EEMF received US$414,141,416 in three tranches.

On March 21, 2013, Devonshire transferred US$430 million to Granton Property Holding Ltd, a company controlled by Low’s association Tan, which transferred the whole sum to Tanore the same day.

On the same day, Devonshire transferred US$210 million to Tanore.

Then, between March 22 and 25, 2013, EEMF transferred US$250 million to Tanore, which by then had US$890 million in its account.

Najib, 70, is facing four charges of using his position to obtain bribes amounting to RM2.3 billion belonging to 1MDB and 21 charges of money laundering involving the same amount.

The trial before judge Collin Lawrence Sequerah continues. – Bernama, September 20, 2023.