KUALA LUMPUR — June 3, 2020: As far as the prosecution is concerned, there is no doubt that former prime ministers is guilty of all seven charges relating to RM42 million belonging to SRC International Sdn. Bhd.
In line with this position, today prosecutor Datuk V. Sithambaram simply remarked in court thus: “If everything is looked at, I humbly submit that the seven charges have been proven. I have finished my submission. Tomorrow is their day,” he said, referring to rebuttal by the defence tomorrow.
Najib’s defence has largely contended that he did not know the money in his bank accounts came from SRC International, a subsidiary of sovereign fund 1Malaysia Development Berhad.
The seven charges against Najib are three for criminal breach of trust, three for money laundering and one for abuse of power.
Najib’s lead counsel Tan Sri Muhammad Shafee Abdullah will deliver the rebuttal submissions tomorrow and possibly Friday, following High Court Judge Mohd. Nazlan Mohd. Ghazali will set a date to deliver his judgment. The trial began in April last year.
Sithambaram pointed out that Najib was fully aware of everything that happened involving the RM42 million, right from the time it left SRC International to end up in his bank account.
He dismissed the argument that Najib’s mindset at that time was that the money was part of a personal donation from the late King Abdullah Abdulaziz Al Saud of Saudi Arabia.
On the defence claim that fugitive businessman Low Taek Jho alias Jho Low had manipulated his account, Sithambaram described this as no more than a myth.
“They are making a lot of hue and cry that the accused was misled to believe he still had Arab funds when he used up the RM42 million.
“This is nothing but a myth. The fact that RM42 million came into his account is not disputed…. he is just saying he did not know it was SRC money.
“This is ridiculous. Any reasonable person, in particular a man of finance, will know or ought to have known what was going on.”
According to Sithambaram, Jho Low had actually bankrolled Najib to the tune of RM86 million within six months from September 2014.
He went on to say that SRC International had nothing to show in all the years it was in existence, except for a RM9.3 billion debt that the country had to deal with.