Jho Low strongly involved in transfer of millions from SRC International's accounts

The cross-examination of former AmBank relationship manager Joanna Yu (sketch) has revealed businessperson Low Taek Jho's strong influence on the transfer of millions of ringgit out of SRC International Sdn Bhd's accounts.

Yu was also the bank relationship manager for SRC International apart from fulfilling that role for former prime minister Najib Abdul Razak.

During questioning by defence counsel Harvinderjit Singh at the 47th day of Najib's RM42 million SRC International trial, Yu agreed that the fugitive financier, also known as Jho Low, was involved in the circuitous route where RM105 million was transferred out on July 14, 2014.

Low had earlier messaged her on the need for Bank Negara's approval over such a transfer.

Harvinderjit: That line of inquiry, before the RM105 million was transferred from SRC to PPC (Putra Perdana Construction), you received queries from Jho Low intending to take the money from SRC and convert into US dollars and send out?

Yu: Yes.

When Harvinderjit referred to the Blackberry Messenger chat logs of her conversation with Low, Yu agreed that he had asked her whether splitting the money into smaller portions would avoid the need to report the transaction to Bank Negara.

The former AmBank manager agreed with Harvinderjit's assertion that Low called the shots, such as in the transfer of RM10 million from SRC International's subsidiary Gandingan Mentari to Ihsan Perdana, so that the money would go into Najib's AmBank current account ending with 880 in Feb 2015.

She concurred with the defence lawyer that this seemed to be the case, especially with then Yayasan Rakyat 1Malaysia chief CEO Ung Su Ling and then 1MDB executive finance director Terence Geh being involved in the arranging of the transfer.

At that time, Yu had also handled bank accounts related to 1MDB, which at one point was the owner of SRC International.

SRC International was later transferred from 1MDB to Minister of Finance Incorporated in early 2012.

Yu told the court in his messages with her, Low had used the term "Eagle 27" to refer to the transfer of RM27 million from SRC International into Najib's 880 AmBank current account on July 8, 2014.

She agreed with Harvinderjit when he referred to the term being used in chat logs of conversation between her and Low about the transfer.

Harvinderjit: The RM27 million was from Permai Binaraya's Maybank account to (Najib's) 880 account, and that originated from Putra Perdana Construction, which itself originated from the RM35 million that Terence Geh took out of SRC on July 8, 2014?

Yu: Yes.

Proceedings before Kuala Lumpur High Court judge Mohd Nazlan Mohd Ghazali will continue next Monday at 2pm. - Mkini

✍ Credit given to the original owner of this post : ☕ Malaysians Must Know the TRUTH

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