PUTRAJAYA, Aug 18 — It is an irresistible fact that Datuk Seri Najib Razak was the controlling and directing mind of SRC International Sdn Bhd, the prosecution told the Federal Court in the former prime minister’s final appeal against his conviction of misappropriating funds from the company today.
In detailing the setting up of the former 1Malaysia Development Berhad subsidiary, Sithambaram said Najib took steps to ensure he had overarching control of the company by virtue of being a ‘shadow director’. Citing the testimony of defence witness Tan Sri Mohd Irwan Serigar, Sithambaram said the former Treasury secretary-general had explicitly stated he had never personally come across a situation where a government guarantee was granted in favour of a newly established company with no track record or ability to repay the loan.
The Court of Appeal had on December 8, 2021 upheld the High Court’s July 2020 verdict and sentence of 12 years in prison and a fine of RM210 million meted against Najib.