KUALA LUMPUR: A total of RM4 billion was remitted from Kumpulan Wang Persaraan (KWAP) to SRC International's accounts at the AmIslamic Bank Bhd branch in Jalan Raja Chulan in 2011 and 2012, the Supreme Court heard today.
The AmBank Remittance Center manager, Wedani Senen, said the first tranche of RM2 billion was transferred from KWAP to the SRC International account on August 29, 2011.
"Four transactions of RM500,000 each were transferred to the Ambank account No. 211-202-2009736," Wedani said when examined by Deputy Public Prosecutor Sulaiman Kho Kheng Fuei.
She said another RMB 2 billion of KWAP's money was transferred to the Ambank account on 211-202-2010650 on March 28, 2012.
Wedani said any shipment of RM500 million and below can be held by bank employees, while bank managers can carry out transactions for RM500 million or more.
She said that these transactions were conducted through the Real Time Electronic Transfer of Funds and Securities, a system designed for local interbank transfer.
The 24th witness testified at the trial of Najib Razak, who faces six counts of money laundering and breach of confidence in the transfer of RM42 million to his account from SRC International, a former unit of 1MDB.
Najib is also accused of abusing his power as prime minister by giving government guarantees to the RM4 billion loan from SRC International's Retirement Fund Inc.
Earlier, another prosecution witness, R Uma Devi, said Najib, who held three current accounts, took no action, including suing her branch of Ambank, for allegedly violating the mandate given to Nik Faisal Nik Kamil.
Nik Faisal, director of SRC and Gandingan Mentari Sdn Bhd, was appointed by Najib to manage his accounts, including giving instructions to bank officials.
The defense is claiming that Najib's signature was forged to make fraudulent transfers of funds from all three accounts.
He is also building a defense that some dishonest bankers were involved and all this was done without the knowledge of Najib.
Examined by Deputy Prosecutor V Sithambaram, Uma Devi, who is the manager of AmBank's branch Jalan Raja Chulan, said that Nik Faisal can not withdraw money, nor transfer checks from Najib's accounts.
She said that SRC also made no claim to the bank when RM85 million of one of its accounts was transferred to Gandingan Mentari.
She said there was also no doubt when RM40 million of Gandingan Mentari were transferred to Ihsan Perdana Sdn Bhd.
The hearing before Judge Mohd Nazlan Mohd Ghazali was postponed to Thursday.