Application to transfer SRC International ownership was sent directly to Najib, court told


KUALA LUMPUR: The application to transfer the ownership of SRC International Sdn Bhd from 1Malaysia Development Bhd (1MDB) to the Minister of Finance Inc was sent directly to the prime minister for approval, the High Court here heard.

Former Treasury deputy secretary-general Datuk Mat Noor Nawi testified that former SRC International CEO Nik Faisal Ariff Kamil sent a letter dated Jan 9, 2012, regarding the matter and addressed it to Datuk Seri Najib Razak, who was the prime minister then.

"This case is a bit different. In most cases, the company would send their application to the Finance Ministry," he said here on Tuesday (July 9).

He added that the application would have to go through several layers which would involve either the Finance Minister or the Finance Minister II, which the witness described as the "first category".

"I categorised the case of SRC in the second category, which is the top-down decision making process," he said.

The witness was examined by Deputy Public Prosecutor Datuk Suhaimi Ibrahim in the corruption trial of Najib, who is accused of misappropriating RM42mil in SRC International funds.

Mat Noor also said that Najib had written a note which said "I agree with this proposal, please arrange".

He added that Nik Faisal wrote clearly "I write to seek the prime minister's confirmation and implementation, advice by prime minister" in the second paragraph of the application letter.

"This meant that an agreement had been reached. Before SRC International wrote this letter, Nik Faisal probably had discussed (the matter) with the prime minister who then gave a verbal agreement," said Mat Noor.

Asked how he became involved with the management of SRC's application despite it being addressed directly to the prime minister, the witness said he was asked to do so by former Minister at the Prime Minister's Office Tan Sri Nor Mohamed Yakcop.

Najib is facing seven charges involving RM42mil in funds belonging to SRC International.

On July 4 last year, Najib claimed trial to a charge of abuse of power and three counts of criminal breach of trust linked to the 1MDB scandal.

He allegedly misappropriated RM42mil in funds belonging to SRC International.

On Aug 8, he appeared in court for the second time and was charged with three counts of money laundering involving the same RM42mil.

The hearing before Justice Mohd Nazlan Mohd Ghazali continues on Wednesday (July 10).

Related stories:

Witness says Najib signed memo transferring SRC International ownership to MOF Inc on car bonnet


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