by Ganesh Sahathevan
FreeMalaysiaToday has reported, quoting the testimony under oath of Krystle Yap, who was a relationship manager with ANZ-AMBank's wholesale banking coverage department:
ANZ-AMBank cannot pretend that it did not profit from managing Najib's KWAP and 1MDB money. The improbable premise that ANZ-AMBank adapted to deflect blame, that Najib was just another client and that senior managers would not have known how his funds were being managed was never tenable because of Najib's position and the huge sums of money); now it is even less so ( (see story below)
In fact from the testimony above it does appear as if ANZ, AMBank and Bank Negara all turned a blind eye to the actual source of Najib's money. That a fine was later imposed on Ambank by Bank Negara is simply a reflection of the fact that then Governor Zeti Aziz only acted against AMBank after being warned by Mahathir.
The issue was,and remains ,ANZ client and "ally" Najib Razak, not 1MDB:Another example of how ANZ and Shayne Elliot misled parliament