He said he did so as he could not obtain a bank loan to finance the payment on the 2 1/2-storey, partly-completed bungalow at Kampung Melayu Ampang in June 2016.
“I came to know about the Ah Long from a friend, Hassan. I had asked him whether he knew of any source that I could borrow money from so that my RM120,000 deposit on the house would not be forfeited.
“After getting the money, I must make the repayment to the Ah Long weekly by cash through a number of accounts and the amount was based on an agreement with the Ah Long,” he said in the examination-in-chief by counsel Sulaiman Ismail on the first day of his defence trial.
Adam, 31, is facing six charges of giving false statements and submitting fake documents to the Malaysian Anti-Corruption Commission (MACC) during an investigation in 2017 into claims about his extraordinary wealth.
Aside from the loan from Ah Long, Adam said he had also borrowed RM180,000 from his mother-in-law and grandmother.
“I also sold my car and that of my wife for RM250,000. The balance of the payment to the bank was from income that I derived directly and indirectly from my business,” he said.
On the direct income, he said he derived it from the sale and purchase transactions of vehicles through his company, Gegas Mentari Holding Sdn Bhd.
As for indirect income, he derived it from profits through providing financing assistance to friends who needed capital to start their business.
“I also get a monthly income of RM3,000 as Ampang Pangsapuri Taman Industri Lembah Jaya Management Corporation chairman,” he told the court, adding, he settled the payment on the house on Feb 13, 2017.
On the first two charges, Adam is accused of giving false recorded statements to two MACC investigating officers, under Section 32(8)(c) of the Anti-Money Laundering, Anti-Terrorism Financing and Proceeds of Unlawful Activities Act 2001.
On four other charges, he allegedly used two fake loan agreement documents from two individuals and two cash vouchers from his company to mislead MACC investigating officers, under Section 89 of the same Act.
He is accused of committing the offences at the MACC headquarters at Pusat Pentadbiran Kerajaan Persekutuan, Putrajaya, between 9am and 12.15pm on Feb 10, 2017, and between 9am and 2pm on Feb 22 the same year.
The charges each carry a maximum fine of RM3 million or up to five years’ imprisonment, or both, on conviction.
Judge Allaudeen Ismail adjourned trial to tomorrow. Deputy public prosecutor Ahmad Akram Gharib represented MACC.