SRC funds

Datuk Seri Najib Tun Razak told the High Court that he was not responsible for the micro-management of SRC International Sdn Bhd's funds.

Datuk Suboh Md Yassin said SRC ex-CEO Nik Faisal Ariff Kamil, now at large, lied to the board about repatriating SRC funds from overseas.

The man, who is under MACC investigation on suspicion of receiving money from 1MDB and SRC funds and had been missing since 2018.

Tomorrow, the Federal court is scheduled to hear Najib Razak's application to review its previous ruling to uphold his conviction, jail sentence and fine for misappropriation of SRC funds.

Najib Razak's review application to reverse his conviction and sentence for the SRC case has been fixed for case management at the Federal Court on Oct 21.

The High Court today rejected an application for UK Queen's Counsel Jonathan James Laidlaw to represent Najib Razak in his final appeal against his conviction of misappropriating SRC funds.

Najib Razak has filed an application to adduce further evidence to the Federal Court to nullify the entire trial on the misappropriation of SRC International Sdn Bhd funds.

The Court of Appeal will deliver its decision on Najib Tun Razak's appeal over his jail sentence and a fine for misappropriating SRC International funds tomorrow as scheduled.

Najib's application to allow new evidence in his appeal over his jail sentence and a fine for misappropriating SRC funds, will be heard a day before the Court of Appeal deliver its verdict.

Najib has applied to the Court of Appeal to allow new evidence to be adduced in his appeal over his 12 years' jail sentence and a fine of RM210 million for misappropriating RM42 million SRC funds.

Najib has been ordered to respond to the suit filed by SRC International relating to alleged breach of trust and breach of statutory duty involving SRC funds totalling RM 42 million by Oct 11.

SRC, now wholly owned by MoF Inc, alleged that Najib had abused his power and obtained personal benefits from SRC funds as well as misappropriated the funds.

Jho Low and two others helped arrange the transfer of millions of SRC International Sdn Bhd's funds into the former prime minister's bank accounts.

Harvinderjet also submitted that Jho Low was involved in the convoluted monetary trail involving the accounts of SRC.

No proof Najib directed transfer of RM42 mil of SRC funds to his accounts, said lawyer.

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