Former SRC management caused billions in losses, claims Najib


KUALA LUMPUR: Datuk Seri Najib Tun Razak has claimed that billions of ringgit of SRC International Sdn Bhd’s funds were misappropriated through dubious investments authorised by former company directors.

He said out of over 31 “wrongdoings” purportedly discovered by the new management, 27 were related to a lack of due diligence and supervision over SRC affairs by its former guardians and caused loss of billions of ringgit.

Get 20% OFF The Star Digital Access

Monthly Plan

RM 13.90/month

RM 11.12/month

Billed as RM 11.12 for the 1st month, RM 13.90 thereafter.

Best Value

Annual Plan

RM 12.33/month

RM 9.87/month

Billed as RM 118.40 for the 1st year, RM 148 thereafter.

Follow us on our official WhatsApp channel for breaking news alerts and key updates!

Next In Nation

Online health ad complaints to be referred to MCMC, says Comms Minister
Over RM1.4mil worth of machinery, timber seized in Tanah Merah sawmill raid
Earlier accident believed to have triggered fatal Ipoh motorcycle pile-up
HR Ministry brings smiles to Rumah Kasih Harmoni residents
Najib's pardon gives Pakatan Harapan an 'advantage', claims Pasir Gudang MP
Nearly 20,000 take to KL streets for Malaysia Sarong Music Run
Four arrested over murder of Myanmar refugee in Kota Baru
Anthony Loke offers to resign as Transport Minister
Tone down rhetoric if you want a pact, Perak MB tells PAS
Haze: 16 areas nationwide record unhealthy API readings as at 5pm

Others Also Read