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SRC case: Najib shocked he had RM42 million but didn’t return money

Najib again said he was shocked to find RM42 million in his bank account but decided not to return the money because he wanted to see out the investigations.

Syndicated News
Written by Syndicated News

KUALA LUMPUR — Jan. 7, 2020: Although he claimed to be shocked to know that RM42 million from SRC International Sdn. Bhd. was in his bank account, former prime minister Datuk Seri Najib Razak decided not to return the money, apparently because he wanted to see out the end of investigations.

He further claimed that at one point he didn’t know the money actually belonged to the company, as was suggested by prosecutor Datuk V. Sithambaram.

Najib also disagreed with Sithambaram’s suggestion that he was responsible for the RM9.3-billion debt incurred by the government over the 1Malaysia Development Berhad scandal.

Najib is making his defence on several charges of misappropriating the amount that belonged to SRC International.

He maintained in court that he was surprised when he knew of SRC International’s decision to invest billions of ringgit oversea but didn’t order an inquiry against the board.

To this Sithambaram remarked that while it was good to be surprised, Najib didn’t inquire from the board, with Najib responding that he didn’t inquire because all the minutes of the shareholders’ meetings referred to him were indeed signed by him and handed to the board.

The hearing before justice Mohd. Nazlan Mohd. Ghazali continues.

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