1MDB TRIAL | Bank Negara Malaysia (BNM), under its then governor Zeti Akhtar Aziz, failed to raise red flags over the suspicious transfer of US$700 million of 1MDB funds, the Kuala Lumpur High Court heard.

Najib Abdul Razak’s lead counsel Muhammad Shafee Abdullah this afternoon argued that the ex-prime minister has every reason to be dependent on the central bank and Zeti, who were the “last bastion of financial integrity”.

The former premier’s counsel told the criminal court that it was a BNM officer who in 2009 allegedly authorised the money to be transferred out.