In his defence,Najib pointed the finger at AMBank, ANZ, Gonski & co.

by Ganesh Sahathevan

Readers were reminded yesterday that in October last year Malaysia's
Ministry of Finance' said the  transfer of US$11.95 million from its SRC BSI accounts was authorized at the highest level. Singapore prosecutors have since provided evidence that the transfer was fraudulent, 

The transfer is of interest to parties investigating the movement of funds into Malaysian PM and Finance Minister Najib Razak's AMBank/ANZ accounts for some of those funds are believed to be from SRC. The Sarawak Report investigative news site first broke the story and explained the flow of funds with this diagram: 



These transfers are the subject matter of a defamation action brought by PM Najib against veteran Malaysian politician Ling Liong Sik.In one of the related affidavits Najib swore that while the funds were transferred to his account , he was unaware of its origin. 
Najib was in effect claiming that his bank, AMBank, mamanged by ANZ, and reporting in part to the ANZ board led by David Gonski, failed in its duty under Malaysian and Australian AML/CTF laws to ascertain the origin of those funds and advice him accordingly. 
END


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