KUALA LUMPUR – The high court heard today that Datuk Seri Najib Razak believed that the shell company, Blackstone Asia Real Estate Partners, that received millions in funds from 1Malaysia Development Bhd (1MDB), which subsequently flowed into his personal bank account, was either controlled or owned by the government of Saudi Arabia.
Malaysian Anti-Corruption Commission (MACC) investigating officer Nur Aida Arifin, 37, said the former prime minister informed the commission of the matter when his statement was recorded under Section 23 of the MACC Act 2009.
The 49th prosecution witness was responding to a question by Najib’s lawyer, Wan Azwan Aiman Wan Fakhruddin, regarding the transactions between Blackstone and Najib’s personal account ending with the numbers 9694.
Wan Azwan Aiman: You agree with me that when the MACC officer took a statement from Najib, he said that he believed Blackstone was owned or controlled by the late King Abdullah and the government of Saudi Arabia?
Nur Aida: Yes, that’s right.
For the record, Blackstone is a company controlled by fugitive businessman Low Taek Jho or Jho Low, through his associate Tan Kim Loong, otherwise known as Eric Tan, who is also a fugitive.
Wan Azwan Aiman: You agree that, during the recording of the statement by the MACC, Najib was never confronted with any document that Eric Tan was a beneficiary of Blackstone?
Nur Aida: Agree
The witness also agreed that Najib had never instructed Eric to transfer RM90,899,927.30 into his personal bank account in 2012, and she also concurred that the commission did not take any statement from Eric pertaining to the transaction.
Reports indicate that Low established Blackstone Asia Real Estate Partners, a shell company bearing a resemblance in name to the legitimate real estate private equity firm, Blackstone Real Estate.
He deliberately employed this naming convention for offshore shell companies under his control to mimic reputable entities as part of his scheme to syphon millions of dollars from 1MDB.
Najib, 70, faces four charges of using his position at the time to obtain bribes totaling RM2.3 billion from 1MDB funds and 21 charges of money laundering involving the same amount.
The hearing before judge Datuk Collin Lawrence Sequerah continues on Tuesday. – April 27, 2024