Nik Faisal remained as SRC director to ensure continuity, Najib tells court

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Nik Faisal remained as SRC director to ensure continuity, Najib tells court
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Former prime minister Najib Razak said he wanted SRC International to bring back funds frozen in Switzerland. FMTNews SRC NajibRazak

Former prime minister Najib Razak says he was not aware money transferred into his accounts was from SRC International.

He said he had stripped Nik Faisal of his position as CEO following complaints of financial misconduct by former SRC International chairman Ismee Ismail. Ismee previously testified that he had raised issues on SRC’s governance to Nik Faisal, but Nik Faisal only responded that the issues had been decided by the government, prompting Ismee to resign as company chairman in May 6, 2014.

The lawyer then asked Najib about him keeping Nik Faisal as the authorised person to manage his bank accounts.

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