KUALA LUMPUR: The High Court was told that Datuk Seri Najib Razak believed that the RM2bil donation from Saudi Arabia was not unreasonable as Ambank, the bank which handled the transaction, had processed the funds under the understanding that they were a legitimate donation.
Najib's counsel Tania Scivetti submitted that AmBank, as one of the major financial institutions, had a dedicated compliance department that processed the funds based on letters which purportedly supported the claim that the money originated from an Arab royalty as a donation.
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