Najib’s counsel, Harvinderjit Singh, submitted that there were suspicious transactions in his client’s Ambank accounts.

“The bank had knowledge of the matter but they failed to lodge a report to the authorities. This is a serious issue,” he said, adding that the lawsuit had nothing to do with the SRC International Sdn Bhd case faced by Najib.

Harvinderjit made his submission objecting to an application by AmBank, AMMB Holdings Berhad and Yu to strike out the lawsuit brought by Najib.

The lawyer also contended that the bank did not inform Najib about the suspicious transactions and his client only found out about it at the RM42 million SRC International trial last year.

AmBank’s counsel Yoong Sin Min submitted that Najib’s claim should be struck out as the lawsuit was filed by Najib as a collateral attack in the SRC proceedings.

“The plaintiff’s (Najib) claim was filed as a collateral attack, to thwart and interfere with the SRC International proceedings instituted against him,” she said.

Najib, through Messrs Shafee & Co, filed the suit on Dec 9 last year in the High Court and named AmBank, AMMB Holdings Berhad and Yu as defendants.

According to the statement of claim, Najib contended that AmBank and Yu had been negligent when handling his bank accounts (ending with 694, 880, 898 and 906) by disclosing these account numbers to fugitive businessman Low Taek Jho, also known as Joh Low.

Najib claimed that the defendants had disclosed his bank statements, debit and credit remittance transactions and balances in account 694 to Low as the third party without authorisation.

He claimed that the defendants did not engage with him or report on Low’s actions with regard to the said bank account and that the bank had allowed an unauthorised third party to make money transfers between accounts 880, 898 and 906.

He is seeking special, general, aggravated and exemplary damages from the defendants.

The hearing before judge Khadijah Idris continues tomorrow.