Malaysia

RM42 mil ‘peanuts’ for Najib, SRC appeal hears

Prosecutor says RM2.6 bil ‘donation’ shows huge sums of money normal for ex-PM

Updated 5 years ago · Published on 14 Apr 2021 2:07PM

RM42 mil ‘peanuts’ for Najib, SRC appeal hears
The Court of Appeal heard today that Datuk Seri Najib Razak had total access to SRC International funds. He was sentenced to 12 years’ jail and fined RM210 million by the high court last year. – Bernama pic, April 14, 2021

PUTRAJAYA – The RM42 million of SRC International Sdn Bhd funds utilised by Datuk Seri Najib Razak was just like “peanuts” for him, the Court of Appeal was told today. 

Ad-hoc prosecutor Datuk V. Sithambaram submitted this before a three-member 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 the RM42 million was like “peanuts” for the former prime minister as he had earlier taken a RM2.6 billion donation.

“In this case, Najib had full control over the company (SRC) and whenever he needed money, he took it. My Lord, earlier, he had taken RM2.6 billion, this is just a “peanuts” for him,” said Sithambaram with a sharp voice. 

Last year, Najib testified at the Kuala Lumpur High Court that he received RM2.6 billion donation from the Saudi royal family, between 2011 and 2014.

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.

The hearing of the appeal continues. – Bernama, April 14, 2021

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