Rm32mil Ended Up In Najib S Accounts

---

Day in court: Rosman arriving to give his statement at the High Court in Kuala Lumpur
KUALA LUMPUR: Some RM170mil were banked into the account of Putra Perdana Constructions (PPC) Sdn Bhd as an “advance” for a contract and from that amount, RM32mil ended up in Datuk Seri Najib Razak’s personal bank accounts, the High Court heard
Datuk Rosman Abdullah, 53, who is the group managing director of Putrajaya Perdana Bhd (PPB) that owns PPC, testified that the monies were transferred into its subsidiary company’s bank account in three tranches – RM35mil on July 8,2014, RM105mil on July 14,2014, and RM30mil on Aug 8,2014 – on the instructions of fugitive financier Low Taek Jho
“I was initially told by Low that the RM170mil was an advance for a contract he was negotiating to be entered into by PPC, ” he said
Out of the RM170mil, RM27mil was banked into Najib’s AmBank account ending 880 on July 8,2014 and RM5mil into his account ending 906 on Sept 10,2014
Rosman, however, said he did not know that the accounts belonged to Najib
“I was shocked when my attention later was drawn to certain Internet publications which alleged that the accounts belonged to Najib
“When I was remanded by the Malaysian Anti-Corruption Commission (MACC) in July 2015, the investigators also told me the same thing, ” he said during examination-in-chief by Najib’s lawyer Farhan Read yesterday
For the record, Rosman is the major shareholder of PPB Group through his wholly-owned company Cendana Destini Sdn Bhd
The company acquired interest in PPB Group from UBG Bhd (Utama Banking Group), which is owned by Low, for a purchase price of RM240mil
The sale agreement was in 2012 but the acquisition was only completed on April 13,2015 after the purchase price of RM240mil was fully paid
At the time the RM170mil came into PPC, Low was still the beneficial owner of PPB Group
“I did not think I had a say in this as long as there was no eventual liability to the PPB Group when my buy-out was concluded, ” said Rosman
The witness said there was no agreement to advance monies to Najib at any time and he had never consented to such action
Rosman was arrested by the MACC on July 24,2015 and remanded for four days before he was released
He said prior to his arrest, Low came across as a competent and trustworthy businessman
“We developed what seemed to me at that time to be a cordial professional relationship. I thought of him also as a micro manager
“Subsequent to my arrest and remand, and now having what seems to be a clear picture of what happened in the RM170mil transfers episode, I would describe him as a highly smooth and effective scammer in so far as these transactions are concerned, ” he said
Najib is facing seven charges – three for criminal breach of trust, one for abuse of power and three for money laundering involving SRC International Sdn Bhd funds totalling RM42mil
The hearing continues before Justice Mohd Nazlan Mohd Ghazali tomorrow. - Star

---