Ex-Treasury sec-gen: No outcome seen from SRC’s RM4b loan

by RAHIMI YUNUS/ pic by MUHD AMIN NAHARUL

A WITNESS, who was involved in approving a RM4 billion loan to SRC International Sdn Bhd, said he did not know what happened to the funds as there was no visible outcome from it.

This was revealed in a re-examination session between deputy public prosecutor Datuk Suhaimi Ibrahim and former Treasury secretary general Tan Sri Dr Wan Abdul Aziz Wan Abdullah on Day 36 of former Prime Minister (PM) Datuk Seri Mohd Najib Razak’s graft trial.

“For LIMA, even when it did not follow the regular process, did the project exist?” Suhaimi queried, to which Wan Abdul Aziz answered in the affirmative.

“For the North-South Highway, can the people use the highway now?” Suhaimi continued, and the witness replied again in the affirmative.

“For SRC International, did you know what the money was utilised for?” Suhaimi asked, to which Wan Abdul Aziz — who is also a former Retirement Fund Inc (KWAP) chairman — replied: “No”.

Earlier, during the cross-examination session between Najib’s defence counsel Tan Sri Dr Muhammad Shafee Abdullah and Wan Abdul Aziz, the prosecution’s 45th witness, agreed to the defence’s argument that it is not unusual for a PM to request for any projects, particularly those of national interest, to be expedited.

The defence argued that in such circumstances, some execution of the projects could be advanced before the completion of paperwork.

Witnesses from KWAP and the Finance Ministry previously testified that KWAP had made an early disbursement of RM2 billion to SRC International before a government guarantee was officially received.

The lead defence counsel cited two examples — the Langkawi International Maritime and Aerospace Exhibition (LIMA) and the North-South Highway — in which the former PM had ordered for an execution and paperwork that followed later.

Najib, who was the advisor emeritus of SRC International, is charged with criminal breach of trust, abuse of power and money laundering involving the company’s RM42 million funds.

Meanwhile, a Bank Negara Malaysia official testified that data from the mobile phone belonging to Najib’s account relationship manager was extracted in the SRC International probe.

An analyst at the central bank’s financial intelligence and enforcement department, Suzairizman Shuib, said he conducted forensic analyses on a BlackBerry Bold owned by Joanna Yu Ging Ping, one of the managers at AmBank Group that handled Najib’s accounts.

The prosecution’s 46th witness said the mobile device is among seven items that were confiscated by his team during a raid at the AmBank Jalan Raja Chulan branch on July 6, 2015.

The remaining items seized were four thumb drives, one external hard disk and one Samsung Galaxy 4.

Some of these items belonged to Yu’s colleagues Krystle Yap and Daniel Lee. The trio had email and BlackBerry conversations with key figures of

1Malaysia Development Bhd including Low Taek Jho, better known as Jho Low. Suzairizman said he produced a digital forensic report of Yu’s BlackBerry Messenger transcripts following a court order.
Suzairizman also said he had no knowledge of the leaked WhatsApp messages involving Jho Low that was cited in earlier Wall Street Journal reports.

On a separate matter, Judge Mohd Nazlan Mohd Ghazali allowed the defence’s submission to verify some other transactions involving Najib’s bank accounts that were beyond the RM42 million in question.

The prosecution’s 24th witness, Wedani Senen — who is AmBank remittance centre’s real-time electronic transfer of funds and securities unit manager — was called in again to verify the transactions.

The defence also sought a ruling from Mohd Nazlan over a recent move by the Malaysian Anti-Corruption Commission that blocked AmBank from providing information involving the bank accounts to Najib.

The matter will be deliberated on Monday as the prosecution requested more time to prepare.