Tag: SRC International

Najib says he wants to know the truth about the missing funds

Malaysia's ex-PM Najib Razak says he wants to know the truth about the funds that are declared missing by the prosecution in his SRC International Sdn Bhd's case. He disagreed with prosecutors who said the funds, RM4 billion borrowed from the Retirement Fund Incorporated (KWAP) went missing. He said...

Najib spent US$130,625 on a luxury watch for his wife’s birthday

Najib spent US$130,625 on a luxury watch for his wife's birthday gift in 2014. He also insisted all the expenditure was done with discretion and for diplomatic purposes. "As I have stated earlier, I believe I retain full discretion on how to spend the funds in...

Najib washes his hands off 1MDB scandals, says others are behind everything

From the person who arranged meetings between Najib Razak with the Saudi Arabia ruler King Abdullah Abdulaziz Al-Saud to who knew Jho Low first, the ex-Malaysian PM washed his hands of the 1MDB scandal in a calm, composed manner. Not to mention the SRC International Sdn Bhd, which Najib explicitly said was not...

Najib denies giving orders to amend 1MDB-linked company’s constitution to give him control

Former Malaysian prime minister Najib Razak today denied at the High Court that he ordered amendments to articles of SRC International Sdn Bhd’s constitution to give him control. He told the High Court at the hearing of his RM42 million SRC International money laundering and...

Najib in shock at having to enter defence on corruption charges

Najib Razak, the former Prime Minister of Malaysia, was in shock that he was not acquitted of all charges in the SRC International Sdn Bhd case with the KL High Court ordering him to enter his defence. His lawyer Muhammad Shafee Abdullah said Najib thought he would be acquitted of all seven...

‘No smoking gun’ say Najib’s lawyers in his 1MDB-linked case

Will ex-PM Najib Razak be asked to enter his defence plea in the SRC International trial or will he be given the benefit of the doubt? The prosecution and defence wrapped up their submissions yesterday, with the prosecutors saying millions of ringgit went in and out of Najib's account during the...

Najib spent RM606m in 3 years and and was known as ‘Optimus Prime’

A witness in the the criminal trial of former prime minister Najib Abdul Razak revealed the latter spent RM606.51 million in three years, way beyond his ministerial pay check. It was also revealed that the alleged 1MDB mastermind and fugitive businessman Jho Low referred to...

Jho Low, 1MDB fugitive, was at Najib’s house in 2011

KUALA LUMPUR — The alleged 1MDB mastermind and fugitive Jho Low whose real name is Low Taek Jho was at the former Malaysian Prime Minister's house in mid-January 2011 and met with a banker who provided bank account and credit card opening forms Najib...

Najib settled Italy card expenditure with SRC money, court told

KUALA LUMPUR — Ex-PM Najib Razak settled a RM3.9 million card bill with money from the SRC International Sdn Bhd in 2014 and 2015. The High Court in Najib’s corruption and criminal breach of trust trial heard on Monday from Yeoh Eng Leong, an AmBank...

Biggest 1MDB financial crime case starts next month with Najib in the box

A judge denied prosecutors application to further delay the much awaited 1MDB trial, setting the date to August 19. High Court judge Justice Collin Lawrence Sequerah rejected the application by government prosecutors who wanted the 1MDB trial to start after the SCR International trial. Both...