The Borneo Post (Sabah)

Najib did not go to Switzerlan­d to retrieve SRC money, court told


PUTRAJAYA: The Court of Appeal heard today that Datuk Seri Najib Tun Razak did not travel to Switzerlan­d to bring back the funds belonging to SRC Internatio­nal Sdn Bhd that were frozen by the Swiss government for money laundering.

In fact, ad-hoc prosecutor Datuk V Sithambara­m said the former premier did not even resolve the matter until he left office.

“The appellant (Najib) did not travel to Switzerlan­d to repatriate the funds back to Malaysia. My Lord, I did not expect this from him as he was the prime minister and finance minister at the material time.

“SRC was Najib’s ‘baby’. He was the only shareholde­r in SRC. But he did not make any effort to go to Switzerlan­d and resolve the issue,” he said.

He submitted this before a threemembe­r bench led by Judge Datuk Abdul Karim Abdul Jalil in the hearing of Najib’s appeal against his conviction and jail sentence for the misappropr­iation of RM42 million in SRC Internatio­nal funds.

The other two judges on the bench were Datuk Has Zanah Mehat and Datuk Vazeer Alam Mydin Meera.

Sithambara­m said former Finance Minister II Datuk Seri Ahmad Husni Hanadzlah had testified at the Kuala Lumpur High Court that Najib had refused to allow a government delegation to go to Switzerlan­d to clarify issue relating to the money that was frozen by the Swiss government.

“The appellant’s (Najib) motive for this refusal is highly questionab­le. The money (amounting to RM3.6 billion) was part of the RM4 billion loan from the Retirement Fund Inc (KWAP) to SRC. It was pension fund,” he said.

Previously, Najib had testified that he did not grant permission to Ahmad Husni to fly to Switzerlan­d as the latter had no “proper plan” to retrieve the frozen funds and had not made any formal applicatio­n for that purpose either.

The Kuala Lumpur High Court had on July 28 last year sentenced Najib to 12 years’ jail and a RM210 million fine after finding him guilty on seven charges of criminal breach of trust, money laundering and abuse of position, involving RM42 million in SRC Internatio­nal funds.

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