PETALING JAYA: It is a case that has to be strong, by all accounts.
With that in mind, the Government will file charges against Datuk Seri Najib Tun Razak in relation to their investigations into SRC International Sdn Bhd.
The signs began appearing from June 10 when Datuk Suboh Md Yassin, a former director of SRC International, turned himself in to the Malaysian Anti-Corruption Commission (MACC).
Suboh together with Nik Faisal Ariff Kamil, who is believed to be in Indonesia, are the key executives in SRC International, a company that was set up in 2011 to venture into resource-based investments such as coal mines in the region.
SRC started with a government guaranteed loan of RM4bil from Kumpulan Wang Amanah Pencen.
It was also a subsidiary of the controversial 1Malaysia Development Bhd (1MDB) before it was taken over by the Ministry of Finance, after it could not repay its loan obligations.
Investigators are believed to have found a clear trail on the flow of funds from SRC into the personal accounts of Najib between December 2014 and February 2015.
The amount is believed to be in the region of RM42mil.
Sources said the evidence was overwhelming.
“The transactions were between local banks.
“The money trail is clear. It went straight into the account of Najib.
“Charges against Najib were already framed up based on investigations into SRC. However the high profile team was disbanded,” said a source.
Members of the 2015 investigation team were Tan Sri Abdul Gani Patail who was the Attorney General, Tan Sri Zeti Akhtar Aziz previously of Bank Negara, Tan Sri Khalid Abu Bakar and Tan Sri Abu Kassim Mohamed.
Khalid was then the Inspector-General of Police while Abu Kassim headed the Malaysian Anti-Corruption Commission (MACC).
It is believed that a few days before Abdul Gani was to firm up the charges, he was sacked and the team disbanded in July 2015.
Sources said that investigations involving 1MDB would take a longer time as transactions were carried out outside the country and involved foreign banks.
1MDB is a fund that was set up in 2009 and within five years accumulated debts of RM43bil which it could not service.
The fund had to be bailed out and a large sum of money was said to have been diverted to individuals in and outside the country.
In relation to 1MDB, Najib is facing allegations that RM2.6bil went into his account in March 2013, before the general election.
On SRC, it has been reported that the official reason for the money going into Najib’s account was for corporate social responsibility programmes.
“However prosecutors would state that the money went in at the behest of the former Prime Minister. He (Najib) had said Nik Faisal had the power of attorney to the account,” said a source.