The Kuala Lumpur High Court on Monday (Oct 21) heard from Datuk Seri Najib Razak that he was not the mastermind behind SRC International Sdn Bhd, a former subsidiary of 1Malaysia Development Bhd (1MDB).
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NewsTranscript
00:00The KL High Court heard from Datuk Seri Najib Razak that he was not the mastermind behind
00:07SRC International Sendirian Berhad, a former subsidiary of 1MDB.
00:13On the witness stand during the lawsuit against him and former CEO Nik Faisal Arif Kamil by
00:19SRC, Najib said he needed to clear up a false impression presented by one of the lawyers.
00:24Datuk Dr Gurdial Singh Nijjar, representing third-party respondent and ex-SRC Director
00:30Datuk Suboh Matt Yassin, had implied that Najib was the father of SRC.
00:37In his testimony on Monday, Najib said,
00:40I must correct you.
00:42I am certainly not the father of SRC, and it was never my idea.
00:48Gurdial acknowledged the clarification, and Najib reiterated to not label him as the father
00:53of SRC.
00:55The lawyer also questioned Najib about a 2 billion ringgit transfer out of SRC, and
01:00expected actions of the directors following an instruction allegedly approved by Najib
01:06as SRC's sole shareholder.
01:08The former premier said investments must have warranted the transfer, and added that directors
01:15at odds with SRC's decisions had the option to resign or discuss their disapproval directly
01:21with him.
01:22The trial continues before Justice Ahmad Fairooz Zainal Abidin.