Only Jho Low knows why SRC funds transferred to Najib’s accounts, court told

PUTRAJAYA: Nobody knows why the funds from SRC International Sdn Bhd were channelled into the bank accounts of former prime minister Datuk Seri Najib Razak except for fugitive businessman Low Taek Jho, a figure central to the 1Malaysia Development Bhd (1MBD) scandal, the Court of Appeal heard.

Lawyer Harvinderjit Singh, who represented Najib, said this when he was asked a question by appellate court judge, Justice Abdul Karim Abdul Jalil, on why the millions of ringgit, said to be from SRC International, were deposited into Najib’s personal accounts.

“Only Jho Low (Low Taek Jho) can answer that,” Harvinderjit replied.

The lawyer was making submissions at the third day hearing of an appeal filed by Najib, who is appealing his conviction and sentence in the SRC International case.

In December 2014, two transactions of RM5mil and RM27mil each went into Najib’s account while another RM10mil was deposited in February 2015.

Harvinderjit said that RM27mil was put into the Pekan MP’s account because former AmBank relationship manager, Joanna Yu, who was in charge of servicing Najib’s account, had mentioned that the account balance was low.

Justice Abdul Karim, who chaired the three-man panel, also asked Harvinderjit on Low’s involvement in SRC International.

Justice Abdul Karim: When did Jho Low get involved in SRC International?

Harvinderjit: There is no evidence of his involvement.

It was previously testified during the trial at the High Court that Low had no official role in 1MDB despite being heavily involved.

Harvinderjit also submitted that Low and other individuals were involved in the monetary transactions involving Najib’s accounts without the knowledge of the former prime minister.

“Why would the prime minister take money from a government-linked company and put it in his own accounts?” Harvinderjit said.

On July 28 last year, the Kuala Lumpur High Court sentenced Najib to 10 years’ jail on each of the three counts of CBT, as well as each of the three counts of money laundering.

Najib, 68, is currently out on bail of RM2mil in two sureties pending appeal.

The appeal hearing continues before the Court of Appeal panel Thursday (April 8).

Other judges on the bench are Justices Has Zanah Mehat and Vazeer Alam Mydin Meera.