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SRC trial: Directors in the dark over RM2bil transfer - Nation

News Summed Up 2019-06-12 05:30:00

KUALA LUMPUR: SRC International Sdn Bhd's board of directors was in the dark over the transfer of RM2bil of its funds, obtained from the Retirement Fund Inc (KWAP) that were wired into an unknown account. He was testifying Wednesday (June 12) in the corruption trial of former prime minister Datuk Seri Najib Razak, who is accused of seven charges relating to the misappropriation of RM42mil in SRC International funds. The (SRC International) board was never told about the drawdown to move RM2bil to an account (736) it was not even aware of. It has two persons named as its signatories, namely its then directors Nik Faisal Ariff Kamil and Vincent Koh Beng Huat. Najib is facing seven charges involving RM42mil in funds belonging to SRC International, formerly a subsidiary of 1Malaysia Development Bhd (1MDB).