Ex-foundation CEO claims ignorance over Najib's Ambank accounts
Published on: Fri, Aug 15, 2025
By: Faisal Asyraf, FMT Text Size: SRC International Sdn Bhd and its subsidiary, Gandingan Mentari Sdn Bhd, sued Najib Razak for the recovery of RM42 million allegedly misappropriated from the parent company's accounts. (Bernama pic) Kuala Lumpur: Former Yayasan Rakyat 1Malaysia (YR1M) CEO Ung Su Ling told the High Court here that she only learned from media reports on the SRC International trial that the Ambank accounts which received RM42 million belonged to former prime minister Najib Razak. Ung also claimed she was unaware that the funds had originated from SRC International when she received instructions from the late Azlin Alias, Najib's then principal private secretary, to facilitate the transfer of money from Ihsan Perdana Sdn Bhd (IPSB). The funds were transferred to two Ambank accounts ending in 880 and 906 in late 2014 and early 2015. Ung admitted to facilitating transfers from IPSB in three tranches – RM27 million, RM5 million and RM10 million – but maintained that she had no further details about the funds. 'At the material time, I was not aware of the source of these funds, nor was I informed of the same by Azlin. I can attest that these funds did not originate from nor belong to YR1M. 'However, based on subsequent media reports and the decision of the SRC case, I understand that these funds, which were transferred to IPSB, originated from SRC,' she said during examination-in-chief. She added that she followed Azlin's instructions to transfer the funds to the specified bank accounts without knowing who owned them. 'However, based on media reports and the Kuala Lumpur High Court's decision in the SRC case, I understand that the accounts ending in 880 and 906, to which the funds were transferred, were Najib's personal bank accounts,' Ung said. She was testifying as the first plaintiff witness in the lawsuit by SRC International Sdn Bhd and its subsidiary, Gandingan Mentari Sdn Bhd, against Najib to recover RM42 million allegedly misappropriated from the parent company's accounts. Asked about the relationship between YR1M and IPSB, Ung said that YR1M provided financial support through grants and funding to IPSB for community programmes aligned with the principles of the 1Malaysia initiative. During cross-examination by defence counsel Farhan Shafee, Ung said she never felt the need to find out more details about the funds. Farhan: Before giving any instructions (for the fund transfer), would you think it necessary to ask if there were any proposals regarding these funds? Ung: No. Farhan: In your mind, why not? Ung: It's not my place to enquire. In August 2022, Najib was convicted of seven charges involving abuse of power, money laundering and criminal breach of trust related to SRC International funds. His original sentence of 12 years' jail and a RM210 million fine was later reduced to six years and RM50 million following a royal pardon. The hearing before Justice Raja Ahmad Mohzanuddin Shah Raja Mohzan continues. * Follow us on our official WhatsApp channel and Telegram for breaking news alerts and key updates! * Do you have access to the Daily Express e-paper and online exclusive news? Check out subscription plans available.
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