00:00 The Malaysian Bank of Malaysia analyst Adam Ariff Roslan told the High Court in the case of 1MDB, Najib Razak, that two firms controlled by Lotejo or Jolo, seized 9.45 million pounds of sterling from the former Prime Minister in 2014.
00:21 Adam said the funds came from two loans worth $1.225 billion that were taken by 1MDB Energy Holdings Ltd., a subsidiary of 1MDB, from Deutsche Bank in the same year.
00:37 The first loan, worth $50 million, was accepted by 1MDB Energy on 26 May 2014, while the second loan, worth $975 million, was accepted on 1 September 2014.
00:53 In other words, on 26 May 2014, $175 million was part of a $250 million loan to the Abarth Investment Pjs Ltd. account in the British Virgin Islands.
01:10 In addition, on 17 June 2014, Abarth Investment Pjs transferred a total of $19 million to a foreign company known as Affinity Equity International Partners Ltd.
01:25 Two days later, a total of $1.89 million from $19 million was transferred to BlackRock Commodities Ltd.
01:37 According to the bank, a part of the $1.89 million was transferred to Najib's Ambank account on the same day.
01:52 Najib faces charges of 25 counts of abuse of power and money laundering with 1MDB funds worth $2.28 billion, which was deposited in his Ambank account between February 2011 and December 2014.
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