Najib orchestrated SRC fraud from beginning, AG tells High Court


KUALA LUMPUR (Bernama): Former prime minister Datuk Seri Najib Razak orchestrated the SRC International Sdn Bhd fraud from the very beginning, which he had benefited from for more than three years, says Attorney-General Tan Sri Tommy Thomas.

He said the accused was also the "shadow director" of SRC that benefited financially from the coffers of SRC, whose property he was entrusted with dominion over.

Thomas also said Najib had an interest over SRC.

"The interest that the accused had in SRC was camouflaged by smoke and mirrors, behind the guise of missing persons and questionable characters, ” he said in his submission at the end of the prosecution case before High Court Judge Mohd Nazlan Mohd Ghazali Tuesday (Oct 22).

However, Thomas said the facts indicate that it was the accused and his proxies that pulled the strings behind the curtain of SRC.

"Why was the government was so interested and pulled all the strings to assist SRC, a newly established company with no track record, barely 12 months into operation, and so keen to facilitate a RM2 billion loan followed by a second RM2 billion loan within a space of eight months of each other to SRC?

“The inescapable conclusion must point to the interest of the accused in SRC, ” he said.

Thomas further submitted that the powers to "hire and fire" given by the SRC constitution to the accused had the effect of making him the ultimate decision-maker in SRC.

"Nothing of importance could be decided by SRC without the input of the accused, and none were, ” he said.

Najib, 66, is facing three counts of criminal breach of trust, one count of abusing his position and three counts of money laundering involving SRC International Sdn Bhd funds amounting to RM42mil.

The hearing of submissions before Justice Mohd Nazlan continues Wednesday (Oct 23). - Bernama

Article type: metered
User Type: anonymous web
User Status:
Campaign ID: 46
Cxense type: free
User access status: 3

Najib Razak , 1MDB , Court

   

Next In Nation

Serious efforts undertaken to preserve Tasik Chini, says Pahang Forestry Dept
Sabah NGO gets marine conservation cryptocurrency as funding from US company for turtle hatchery, beach cleanup initiative
Covid-19: Taxi, e-hailing drivers to be extra careful, follow strict SOPs
Covid-19: Symptomatic caregivers urged not to accompany family members to hospital after cluster outbreak in Temerloh hospital
Restaurant association Presma wants automatic moratorium, rent relief following lockdown extension
Dads to feel the love on Father's Day despite lockdown
Permission for floral businesses to operate brings relief to owners, operators
Ismail Sabri: Govt studying possibility of relaxing SOP if Covid-19 cases drop below 4, 000
Health Minister: Malaysian researchers developing two Covid-19 vaccines
Covid-19: 5,304 new cases bring total to 657,508

Stories You'll Enjoy


Vouchers