Najib was a director of Yayasan Rakyat 1Malaysia, High Court told

KUALA LUMPUR: The High Court here was yesterday told that former Prime Minister Datuk Seri Najib Tun Razak was one of the directors of the Yayasan Rakyat 1Malaysia.

Companies Commission of Malaysia ( SSM) assistant registrar Muhamad Akmaludin Abdullah said Najib was appointed a director of the foundation on Jan 11, 2013.

Muhamad Akmaludin, who is the first prosecution witness, said this when cross- examined by Najib’s lawyer Harvinderjit Singh, at the hearing of the former prime minister’s case involving SRC International Sdn Bhd’s funds amounting RM42 million.

Harvinderjit: The directors of Yayasan Rakyat 1Malaysia as on the date of printing of this document are as follows: Che Lodin Wok Kamarudin ( Tan Sri), Mohd Najib Razak ( Datuk Seri) and Wan Ahmad Shihab Wan Ismail ( Datuk) who were appointed on Jan 11, 2013, the date of the establishment of the company. Muhamad Akmaludin: Right Muhamad Akmaludin, 35, who has been with CCM since 2007, also confirmed that when the SRC International Sdn Bhd was established on Jan 7, 2011, the company shares were not owned by 1Malaysia Development Berhad (1MDB).

Harvinderjit: Since the date of SRC’s establishment, the shares were not owned by 1MDB?

Muhamad Akmaludin: Right, I confirm the shares were not owned by 1MDB.

Harvinderjit: Based on information given on the date of the company’s establishment, the company’s name still remain as SRC International Sdn Bhd? Muhamad Akmaludin: Yes Harvinderjit: Meaning that the company, since the beginning of its establishment, was named SRC International Sdn Bhd? Muhamad Akmaludin: Yes Harvinderjit: From all documents of 1MDB Energy Sdn Bhd, there was no indication that SRC was the owner of its shares? Muhamad Akmaludin: Yes In his testimony, the witness said he agreed with the lawyer’s suggestion that there was a resolution on the issuance of 999,998 SRC share units to 1MDB Energy at a meeting held by SRC shareholders on Aug 15, 2011. — Bernama