Datuk Seri Najib Abdul Razak received US$120 million of the loan proceeds from Retirement Fund Incorporated (KWAP) to SRC International Sdn Bhd between December 2011 to May 2012, the High Court today heard.
Quantuma International Managing Director Angela Barkhouse, who is also an offshore assets recovery specialist testified that the US$120 million went into the former premier’s personal bank account in Ambank via three transactions from a company called Blackstone Asia Real Estate Partners, with the first tranche being US$70 million on Dec 29, 2011. Barkhouse, who testified as the second witness in the SRC International civil suit trial said another US$50 million came in two tranches on March 12, 2012 and May 22, 2012, respectively. “These transactions tagged with the reference “AMPrivate Banking” in Blackstone bank statements and I am able to approximately match incoming amounts in Ringgit Malaysia (RM) to the transactions out of the Blackstone account in US$ by applying a currency conversio
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