KUALA LUMPUR – Former Prime Minister Datuk Seri Najib Tun Razak who was ordered to enter his defence on the SRC International Sdn Bhd trial after the prosecution has established a prima facie on the case has chosen to testify under oath.
He will be testifying from the accused dock and will be cross-examined by the prosecution.
Justice Mohd Nazlan Mohd Ghazali then fixed 10 days on the 3, 4, 9 until 12 and 16 until 19 December for the proceedings.
While delivering the verdict, the judge said that Najib, who had stakes and control in SRC International had allowed RM42 million to be deposited into his personal account. According to Mohd Nazlan, the money was later used by Najib for his personal interest.
According to Mohd Nazlan, besides allegedly ‘shocked’ and knew nothing about the transactions amounting to RM42 million, Najib did nothing and did not lodge a police report.
“The court found the accused not taking any actions to determine if the money which was deposited into his account was from money laundering activities. He was also found to have issued cheques using the funds.
“The RM42 million belonging to SRC International had also caused the company to suffer loss as it was deposited into the personal account of the former Prime Minister and the President of UMNO.
“Najib was also found to have used his position in the Cabinet meeting in 2011 and 2012 to pass the proposal of government guarantee for the RM4 billion loan from KWAP to SRC International.
“From that amount, RM42 million was deposited into Najib’s personal account in Ambank. The company is not a ‘common’ company as Najib is its advisor,” he said when reading out the result of the verdict after a seven-month-trial with 58 witnesses.
The Member of Parliament of Pekan was charged on 4 July last year on three charges of criminal breach of trust and once charge of power abuse involving the RM42 million SRC International funds.
On last 8 August, he was charged again at the Kuala Lumpur Sessions Court for three counts of money laundering involving the similar amount and funds.
Najib was charged for committing the offence between 17 August 2011 and 10 February 2015.
Najib is facing with a maximum term of 20 years and fine of up to five times the amount, or RM10,000, whichever is higher upon conviction.
The prosecution team is led by Attorney-General Tan Sri Tommy Thomas while the defence is represented by lead counsel Tan Sri Muhammad Shafee Abdullah. – MalaysiaGazette