KUALA LUMPUR: Datuk Seri Najib Razak’s lack of action to recover funds from SRC International Sdn Bhd – which were frozen by the Swiss authorities in 2015 – was “very puzzling”, ruled the High Court.
Justice Mohd Nazlan Mohd Ghazali said this in his summary judgment in the SRC International case on Tuesday where the Pekan MP was convicted of all seven charges relating to the misappropriation of RM42mil in the company’s funds.
“The accused was supportive of the efforts on the short-term loans but did not even summon the directors of SRC International to provide an explanation to him despite being the advisor emeritus and the prime minister who had vast powers under the Memorandum & Articles of the company. Justice Nazlan also said Najib could not provide a clear answer to the question whether he was satisfied with the progress of SRC International after the first drawdown of the RM2bil before agreeing to support the second RM2bil loan, which happened six months apart.
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