KUALA LUMPUR: A company managing director who used to work with Low Taek Jho, better known as Jho Low, described the fugitive businessman as an “effective scammer” for transferring large sums of money into the company and subsequently transferring them out.
In testifying for the defence in Najib Razak’s SRC International trial, Putrajaya Perdana Bhd group MD Rosman Abdullah said he came to know about Low’s true colours only after he was remanded for investigation over alleged SRC funds that were transferred from one of the group’s subsidiary companies to the former prime minister’s accounts.
He added that the Malaysian Anti-Corruption Commission (MACC) investigated him in 2015 over claims that he was involved in the funds’ transfer. Rosman was remanded from July 25 to July 28, 2015.
“I was shocked and confused. It was during the questioning sessions that I was told by the MACC that SRC was a government-owned company and the ‘AmPrivate Banking-MY’ and ‘AmPrivate Banking-1MY’ accounts belonged to Datuk Seri Najib,” Rosman said.
Rosman told the court he had explained to the MACC that Low was the one who initiated and directed the transactions and that he did not know at the time that the two Ambank accounts belonged to Najib.
“After I was released from remand, I was given letters of clearance from the MACC and the Attorney-General’s Chambers,” he added.
Rosman said Low had instructed Putrajaya Perdana’s subsidiary company, Permai Binaraya Sdn Bhd, to deposit RM27 million into Najib’s bank account in 2014.
He said as far as he knew, the funds used for these transfers were part of a RM170 million advance that Low had given to the company for “business investment”.
Rosman said Putrajaya Perdana Bhd was under Low’s company called Utama Banking Group or UGB and that he (Rosman) then served as executive chairman of Putrajaya Perdana.
“He (Low) was the only one who gave instructions to me. Also, I referred to Jho Low for key or major decisions.
The hearing continues before High Court judge Mohd Nazlan Mohd Ghazali tomorrow when ad-hoc prosecutor V Sithambaram will cross-examine Rosman.
Najib is facing six charges of money laundering and criminal breach of trust in the transfer of RM42 million from SRC International to his personal account.
He is also accused of abusing his power as prime minister by giving government guarantees on SRC International’s RM4 billion loan from Retirement Fund Incorporated (KWAP).