(Bloomberg) -- Former Malaysian leader Najib Razak’s 1MDB trial sheds light on his links to fugitive financier Jho Low in deals involving a former unit of the troubled state fund.A Kuala Lumpur court heard dozens of witness testimonies related to the 42 million ringgit ($10 million) found in Najib’s personal accounts which allegedly came from SRC International Sdn., once a unit of 1MDB. Lawyers for Najib, who has pleaded not guilty, argued that he was misled by others, including a former CEO of SRC who’s at large. The current trial revolves around seven of the total 42 charges that Najib faces for his alleged role in 1MDB.Key DevelopmentsNajib’s next trial is set to begin Aug. 19 after the judge rejected Attorney-General Tommy Thomas’s request for a delay until after the current proceeding is completedThe trial was interrupted on Thursday as the court house was evacuated due to a
bomb threatThe 1MDB hearing for Goldman Sachs Group Inc. was pushed back to Sept. 30 as the process of filing the charges was incompleteNajib sent affidavit showing knowledge of fund’s source (July 29)While Najib had denied knowing the source of the 42 million ringgit, the court heard from a witness that the former premier had sent an affidavit in February 2016 showing he knew the money came through SRC units Gandingan Mentari Sdn. and Ihsan Perdana Sdn.Separately, former AmBank relationship manager Joanna Yu said that Jho Low was her point of contact in sorting out issues with Najib’s accounts, which were assigned a code name by request from Low. Yu confirmed fund transfers to the accounts, including a $681 million from Tanore Finance Corp., of which $620 million were returned with Low’s direct involvement, she said on the witness stand.Yu said that Low was the one who represented the funds as gifts or donations and provided supporting letters from the alleged senders. That was also the case for another $75 million transfer that Low described as “super sensitive” and said will be followed by a supporting letter from
Saudi Arabia, she said.Low, whose whereabouts aren’t known, has consistently denied any wrongdoing in response to multiple charges filed against him in
Malaysia and the U.S.Further ReadingJho Low’s Wharton Friend Helped With Malaysia Links: 1MDB UpdateGoldman Offered $241 Million to Settle 1MDB, Mahathir Says (1)Long List of Charges Against Najib as 1MDB Trial Kicks Off (1)To contact the reporter on this story: Hadi Azmi in Kuala Lumpur at klnews@bloomberg.netTo contact the editors responsible for this story: Yudith Ho at yho35@bloomberg.net, Liau Y-SingFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.