Archive for November 16th, 2017

Report: Bank’s board briefed on deposits into Najib’s account

Free Malaysia Today
November 13, 2017

PETALING JAYA: Members of AmBank’s board were in the know about large quantities of money deposited into the accounts of Prime Minister Najib Razak in 2013, according to Australian broadcasting agency SBS.

It said the full 12-man board had been briefed about the matter on multiple occasions between September and November 2014, but was not aware then of the source of the funds.

Following the briefing, then-CEO Ashok Ramamurthy, who had been seconded by the Australia and New Zealand Banking Group (ANZ) to head AmBank, was directed to report the transactions to Bank Negara Malaysia (BNM), it added. Read the rest of this entry »

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