Najib: SRC ex-management cause of loss of billions

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

He said out of over 31 “wrongdoings” purported to be discovered by the new management, 27 related to the lack of proper due diligence and supervision over the affairs of SRC by its former guardians as the cause of loss of billions of ringgit.