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Zeti to testify in 1MDB trial, prosecution tells court

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Zeti Akhtar Aziz will respond to the defence’s claim that Jho Low was a frequent visitor to her home.

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Free Malaysia Today
Last year, there were allegations that former Bank Negara Malaysia governor Zeti Akhtar Aziz’s husband and sons had received RM100 million from Low Taek Jho.

KUALA LUMPUR:
The prosecution in Najib Razak’s 1MDB trial has affirmed that it will be calling former Bank Negara Malaysia (BNM) governor Zeti Akhtar Aziz as one of its witnesses.

Ad hoc prosecutor Gopal Sri Ram said this after Najib’s lawyer Shafee Abdullah claimed that fugitive businessman Low Taek Jho, or Jho Low, was a frequent visitor to her home.

Shafee had asked former AmBank managing director Cheah Tek Kuang if he had seen Low at her Bukit Tunku house.

Cheah said he did not see Low at Zeti’s house when she organised a Hari Raya gathering for people in the banking fraternity.

“I’m very sure,” he added.

Sri Ram then quipped, “We are calling (Zeti as a witness) and she has an answer to that (the claim that Low was a ‘frequent visitor’).”

Last year, fugitive blogger Raja Petra Kamarudin alleged that Zeti’s husband and sons had received RM100 million from Low.

He claimed her family members had signed statutory declarations admitting to receiving millions of ringgit in Singapore bank accounts from a company linked to Low.

Najib had previously urged her to speak up against the allegations, citing how she issued a statement in May 2018 to declare that she was unaware of the existence of funds or transactions in the former prime minister’s bank accounts.

IGP Acryl Sani Abdullah Sani had also previously said the police had identified documents and statements needed for an investigation of Zeti’s husband, Tawfiq Ayman.

In court, Shafee also asked Cheah whether he knew 1MDB was “unhappy” that AmBank purportedly made “secret profits” from selling 1MDB’s RM5 billion bonds to secondary subscribers.

Cheah said that he did not, adding that he was not present at the meeting during which AmBank officers briefed 1MDB directors about the RM5 billion Islamic medium term notes, or IMTN.

He added that “no banks will disclose their profits from (bond) trading”.

“I don’t think we were unfair to them. Islamic bonds are always sold at a discount to reflect the prevailing interest rate,” he said.

The hearing continues before Justice Collin Lawrence Sequerah on Wednesday.

Najib is standing trial on 25 counts of money laundering and abuse of power charges over alleged 1MDB funds amounting to RM2.28 billion deposited in his AmBank accounts between February 2011 and December 2014.

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