‘Pie US dollar, satay Ringgit’

‘Pie US dollar, satay Ringgit’

KUALA LUMPUR: Elusive fugitive businessman Jho Low used nomenclature of food to refer to the currencies used in transactions. 

‘Pie’ referred to US dollars whereas ‘satay’ referred to Malaysian ringgit, testified Ambank’s former relationship manager, Joanne Yu.

Harvinderjit: Why use these nomenclatures of pie and satay?

Yu: That is what Low used (in the Blackberry messenger chats).

Harvinderjit: Pie is US dollar, satay is ringgit?

Yu: Yes

Earlier she testified that Jho Low had the final say over Najib’s accounts even though SRC International CEO Nik Faisal Ariff Kamil.

When questioned earlier, Yu said no efforts were done to hide the transaction of Najib’s accounts from the authorities between 2011 and 2013.

Yu: There was nothing to hide.

Harvinderjit: A lot of people knew about this amount?

Yu: The relevant department handling the current account, the bosses, they knew.

Harvinderjit: If what (former AmBank managing director) Cheah (Tek Kuang) told you was true, even the (then) Bank Negara governor?

Yu: Yes.

She also testified that Najib received US$369.99 million, equivalent to RM1.136 billion in his account ending 694 between 2011 and Jan 2013.

Najib is facing seven charges related to abuse of power, money laundering and criminal breach of trust in regards to RM42 million from SRC International.

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