Update Najib’s trial Day 33: Witness says SRC, Gandingan Mentari did not lodge report over losses

KUALA LUMPUR, July 8 (NNN-BERNAMA) — Former non-executive director of SRC International Sdn Bhd Datuk Suboh Md Yassin told the High Court here today that neither SRC International Sdn Bhd nor its subsidiary Gandingan Mentari had lodged a report about funds being stolen from the companies’ accounts.

The 42nd prosecution witness said this during re-examination by ad hoc prosecutor Datuk V. Sithambaram on the 33rd day of former Prime Minister Datuk Seri Najib Tun Razak’s trial in relation to the misappropriation of RM42 million belonging to SRC International Sdn Bhd.

Sithambaram: From what we have shown you, these transactions were all carried out between 2014 and 2015. And they involved hundreds of millions of ringgit. Did SRC International or Gandingan Mentari make any reports of the funds stolen from accounts?   

Suboh: No

Sithambaram: Are you aware if SRC or Gandingan Mentari took any legal action against the bank for wrongful transfer?

Suboh: Not that I know of.

Sithambaram: From all the transactions forms shown to you, did you see any money going into Nik Faisal Ariff Kamil’s account? 

Suboh: No.

Sithambaram: Any funds going into your account?

Suboh: No.

To another question, Suboh added that the insertion of Article 117 into SRC International’s articles of association on the appointment of an adviser emeritus changed its character.

“SRC International was no longer a normal company after the article was introduced. The insertion of Article 117 changed the makeup. It has that article… You have to, in order to operate, seek instruction from whoever was sitting there.

Sithambaram: Who is the adviser emeritus? 

Suboh: He was the prime minister then.

Sithambaram: And just for the record, who was the prime minister then?

Suboh:  Datuk Seri Najib.

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 RM42 million.

The hearing before justice Mohd Nazlan Mohd Ghazali continues tomorrow, Tuesday July 9.