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Najib’s credit cards used for RM3.36 million bill at Swiss jewellers De Grisogono’s Italian outlet in 2014

July 16, 2019

* SRC trial: Najib’s platinum credit cards used for RM593,000 spend at Chanel Honolulu, Bangkok’s Shangri-La hotel

Former prime minister Najib Razak is pictured at the Kuala Lumpur High Court July 15, 2019. — Picture by Firdaus Latif

KUALA LUMPUR, July 15 — Two credit cards registered under Datuk Seri Najib Razak’s name were used for to pay a whopping RM3.36 million in 10 transactions at the Swiss jeweller De Grisogono’s Italian outlet in 2014.

The payments, all transacted on August 8 that year, were done by way of two Visa and eight MasterCard transactions for amounts ranging from €3,500 (RM15,432.50) to €100,000 (RM440,928.71).

Information on each of these transactions was verified and revealed in court today by Yeoh Eng Leong during his examination in chief by Deputy Public Prosecutor Budiman Lutfi Mohamed.

Yeoh is the prosecution’s 47th witness in Najib’s RM42 million SRC International Sdn Bhd trial.

Yeoh, currently Ambank’s Senior Vice President of Credit Card Authorisation and Fraud Management, had also revealed the two platinum credit cards under Najib’s name had an accumulative credit limit of RM3 million.

Budiman: Looking at these credit card statements, can you tell the expenditure limit from these credit card statements?

Yeoh: Yes, the combined limit for both cards is RM3 million.

Yeoh then read through bank statements detailing of the card’s transactions from the August 2014 spending spree.

He first detailed two payments made on August 8 with the Visa credit card at the De Grisogono outlet, one for €100,000 (RM440,928.71) and another for €3,500 (RM15,432.50).

“On the same day, also at the same place, this time using the Mastercard, at the De Grisogono merchant in Italy, the first was a payment of €100,000 (RM433,986.28), and then another at the same outlet also for €100,000 (RM433,986.28), and the third also at the same merchant for €50,000 (RM216,993.28),” he said.

Yeoh read then read out the following three transactions, all of which were for €100,000 (RM433,986.28) each, and then the last transaction of €10,000 (RM43,988.62) at the Swiss jeweller.

Malay Mail’s calculation for the total amount spent during the one-day spending spree was at €763,500 or equivalent to RM3.364,670,65 using conversion rates from 2015.


From → Malaysia Upclose

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