Jasmine Loo to testify in Najib’s 1MDB trial, court told

Jasmine Loo to testify in Najib’s 1MDB trial, court told

Ex-1MDB counsel Loo Ai Swan, also known as Jasmine Loo, was arrested in July to assist in 1MDB investigations.

Jasmine Loo, from whom RM93.2 million worth of assets allegedly linked to the 1MDB scandal were seized, is expected to testify at Najib Razak’s ongoing criminal trial.
KUALA LUMPUR:
Prosecutors in Najib Razak’s 1MDB trial told the High Court today they intend to call Loo Ai Swan to testify in Najib Razak’s ongoing abuse of power and money laundering trial.

Deputy public prosecutor Ahmad Akram Gharib said several matters raised by the defence during cross-examination of Bukit Aman investigating officer Foo Wei Min are linked to the former 1MDB counsel, also known as Jasmine Loo.

During his testimony, Foo claimed that Loo’s testimony could either favour or harm the former prime minister’s defence in the case.

Loo was arrested by the police in July to assist in investigations. On Sept 4, police seized assets allegedly linked to the 1MDB scandal totalling almost RM93.2 million and acquired under her name.

The hearing is scheduled to continue on Jan 2, when investigating officer Nur Aida Arifin, from the Malaysian Anti-Corruption Commission (MACC), takes the witness stand.

Meanwhile, deputy public prosecutor Kamal Bahrin Omar informed the court that former Bank Negara Malaysia governor Zeti Akhtar Aziz has yet to complete her testimony.

He said the prosecution intends to recall Zeti to the stand after Aida completes her testimony.

Earlier today, BNM analyst Adam Ariff Roslan told the court three offshore funds – the Cistenique Investment Fund, Devonshire Funds Ltd, and Enterprise Emerging Markets Fund – were used as “pass-through accounts”.

He said his analysis showed that the funds had received large amounts of money and transferred identical sums out immediately.

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

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