SRC's CEO unaware company funds ended up in Najib's accounts, court told

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According to the witness statement of Nik Faisal Ariff Kamil, tendered in court, SRC gave RM250 million to a partner company for CSR activities and it was not meant for Najib Razak. FMTNews NajibRazak SRC NikFaisalAriffKamil

March 11, 2020 6:44 PM

In his witness statement, dated Oct 17, 2015, to the MACC, Nik Faisal said SRC International transferred a sum of RM250 million into its corporate social responsibility partner company Ihsan Perdana Sdn Bhd but he claimed SRC International had no knowledge that part of the funds went to Najib’s bank accounts.

“The company did not know the funds were spent by the prime minister for political or personal purposes until the MACC launched its investigation. Shamsul had testified during the prosecution’s case that Najib was “shocked” and “upset” when he found out that someone had transferred funds into his accounts.

“If it wasn’t for the Wall Street Journal articles, I would not have known that the funds that went into his accounts were related to SRC International,” Nik Faisal said, adding that Ambank officers such as Joanna Yu and Daniel Lee could provide an explanation regarding the funds. “I did not hold the cheque books for the accounts. I would only give my clearance if they called me to clear the cheques,” Nik Faisal added.

 

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