Jho Low wanted to reverse fund transfers made to Najib’s accounts

by Theleaders-Online | August 5, 2019 8:59 am

KUALA LUMPUR: Ambank’s former relationship manager Joanne Yu Ging Ping testified that fugitive businessman Low Taek Jho, better known as Jho Low, instructed her to transfer to reverse a transfer of RM27 million into Najib Abdul Razak’s AmBank account ending in 880 between between Aug 21 and Sept 2, 2014.

She told the court that Jho Low, via Blackberry Messenger chat, told her the reason for his action is because Najib did not agree to close his Ambank account.

She added that Low instructed her to prepare an instruction letter for AmBank the following day to reverse RM27 million and RM5 million credited into Najib’s 880 and 906 accounts.

Low also told her to prepare the draft of the letter so that former SRC International CEO Nik Faisal Ariff Kamil could sign and send it to the bank.

She also said that Jho Low faced difficulties in reversing RM32 million that was transferred into Najib’s Ambank accounts due to the insufficient mandate that Nik Faisal Ariff Kamil haad to instruct the bank.

Specifically, Jho Low wanted mBank to reverse a transfer of RM27 million from Permai Binaraya Sdn Bhd into Najib’s acocunt ending 880, and another RM5 million from Putra Perdana Construction into his account ending 906.

Nik Faisal was only authorised to instruct transfers between said accounts, but not to transfer any funds out.

Due to this, Low ordered Yu to prepare a letter of instruction for Najib to sign.

Low wanted the remittance to take effect before the end of 2014 with an instruction letter signed by Najib.

Today’s hearing began in the afternoon as Najib attended a Court of Appeal hearing this morning to obtain a different date for his 1MDB trial. [1]

His bid, however, failed.

Source URL: https://theleaders-online.com/jho-low-wanted-to-reverse-fund-transfers-made-to-najibs-accounts/

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