Najib: I have assets of RM4.5 million

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KUALA LUMPUR: Former Prime Minister Datuk Seri Najib Razak only has assets worth RM4.49 million, he told the High Court.

His statement comes after SRC International Sdn Bhd and its subsidiary Gandingan Mentari Sdn Bhd obtained a Mareva injunction on March 24 to stop the Pekan MP from transferring or dissipating any of his RM42 million assets. .

The disclosure was made in a supplemental affidavit filed in court as part of the Mareva injunction.

Based on the affidavit, which was seen by The Star, Najib’s assets stood at RM4,490,774 as of June 30.

Its largest asset was deposits of RM2,528,849 with Amanah Saham Nasional Bhd (ASB), as of June 13.

His second largest asset stands at RM1,248,938 in a checking account at Affin Bank as of June 30.

Najib also owns seven properties, including land at Pekan, Bentong and Kuantan in Pahang, as well as Semenyih and a condominium unit at Awana Condominium in Genting Highlands.

Three of the seven properties (land in Kuantan, Pekan and Bentong) were inherited while the others were acquired. These properties amounted to RM460,987, according to the affidavit.

Also listed are eight motor vehicles ranging from Mercedes-Benz, Bentley, Honda EX5 and a Kawasaki ZG, costing RM252,000.

In a previous affidavit, Najib said four Mercedes-Benz cars and the Bentley were gifts received from his in-laws from Kazakhstan, while the Kawasaki ZG was also given to him by an entity.

A Mareva injunction is a temporary order that restrains the defendant from disposing of the assets until the case is decided between the plaintiff and the defendant.

The court ordered Najib, 69, not to remove, dispose of, deal with or diminish the value of any assets inside and outside Malaysia up to the value of RM42 million, pending the prosecution’s final decision.

“I affirm this affidavit to comply with the court order dated March 24 directing me to disclose to the court and plaintiffs details of my assets,” Najib said in the affidavit filed July 20. .

“Upon my instructions, my Accountant has prepared the List of Additional Assets, which I confirm to be true and accurate based on the details already available to me.”

According to the court order on the Mareva injunction, Najib, who was the emeritus adviser of the SRC, has the right to withdraw and spend from a bank account or other sources, an amount not exceeding RM 100,000. per month, for ordinary living and legal expenses.

The CBC and Gandingan Mentari sued Najib on May 7 last year for alleged breach of trust, abuse of power and embezzlement of CBC funds.

The lawsuit is one of 22 civil actions launched by 1MDB and SRC that targeted those who allegedly defrauded the companies and breached their fiduciary duties.

Najib’s lawyer, Muhammad Farhan Muhammad Shafee, told reporters yesterday that they had withdrawn a request for postponement of proceedings in the civil trial of CBC and Gandingan Mentari.

“The CBC’s criminal appeal has been set for a hearing on August 15, so there are no issues regarding the civil process until the criminal case is settled.

“We will file our defense (in the civil suit) in two months,” he said.

Another case management has been set for October 13.

On July 28, 2020, the High Court sentenced Najib to 12 years in prison and a fine of RM210 million after convicting him of embezzling RM42 million of SRC funds.

The Court of Appeal upheld the High Court’s decision and Najib’s final appeal in the criminal case will be heard at the Federal Court on August 15.

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