THE SRC INTERNATIONAL GRAND CRIMINAL EMBEZZLEMENT SCANDAL – CONCOCTION OF NATIONAL & INTERNATIONAL EMBARASSMENT
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The criminal offences stated in this book were all committed during August 17, 2011 to March 2, 2015.
Former attorney-general Tommy Thomas, who FIRST initiated prosecution against Najib Razak, had already explained the reason why the former prime minister was first charged with the embezzlement of SRC International Sdn Bhd instead of the bigger 1Malaysia Development Berhad (1MDB) financial scandal that involved billions of dollars in US Dollar terms.
Thomas had reportedly said that investigations into the SRC International case were in advanced stages when he was first appointed attorney-general in June 2018, and he chose to proceed with it as the theft of RM42 million were the “easiest to prove”.
He explained that the Attorney-General’s Chambers (AGC) have to rely on investigation papers by the relevant authority to decide on prosecution.
In My Opinion : The prosecution’s decision on having daily press conferences by the AG’s office after each proceeding, which was uncommon practice must be considered as being in accordance with open, transparent, inclusive and accountable practices and standards as required by the United Nations.
CHRONOLOGY
Najib Razak, Malaysia’s sixth prime minister and son of the second Malaysian premier, who had held the post for more than nine years from 2009 to 2018, and whose government was unseated at the 14th general election after failing to arrest the backlash from the 1MDB debacle, was arrested on July 3, 2018.
He was charged in the Kuala Lumpur Sessions Court the following day on three counts of criminal breach of trust and one count of abuse of power in relation to the misappropriation of RM42 million in funds belonging to SRC International, then an 1MDB subsidiary.
High Court’s verdict in convicting and sentencing former Malaysian prime minister and serving Parlimentarian at the date of conviction, Najib Razak for the misappropriation of SRC International Sdn Bhd funds totalling RM42 million is unprecedented in Malaysian history.
In a proceeding which lasted several hours, the former prime minister was convicted and found guilty on all seven charges of misappropriating RM42 million from SRC International Sdn Bhd by the High Court after a trial which lasted a total of 95 days.
The former prime minister was subsequently sentenced to 12 years’ imprisonment and a RM210 million fine. The sentence has been upheld by the appellate courts above.
“There is no error in the judgment of the High Court,” Court of Appeal Judge Abdul Karim Abdul Jalil said.
“This established that the appellant (Najib) had interest beyond his office in SRC. The loan is not for national interest but ended up as a national embarrassment. We find no good reason to disagree with the ruling of the High Court judge,” Abdul Karim said.
"We are in full agreement that Najib knew that funds entering his personal accounts were proceeds from unlawful activities. This is no national interest as the appellant claimed ... This is a national embarrassment," Abdul Karim said.
This "Arab donation story is a CONCOCTION. The money is from SRC and it has been fully established," the judge said.
The Federal Court in upholding the conviction and sentencing stated "We agree that the defence is so inherently inconsistent and incredible that it does not raise a reasonable doubt on the prosecution case,"
The Federal Court also ordered for a warrant of committal to be issued against the Serving Convict and for him to serve his sentence with immediate effect.
ON 20 OCTOBER 2022 - THE SERVING CONVICT IS NOW UNDERGOING SENTENCING IN THE MALAYSIAN PENAL SYSTEM PENDING THE DISPOSAL OF HIS JUDICIAL REVIEW APPLICATION.
Former attorney-general Tommy Thomas, who FIRST initiated prosecution against Najib Razak, had already explained the reason why the former prime minister was first charged with the embezzlement of SRC International Sdn Bhd instead of the bigger 1Malaysia Development Berhad (1MDB) financial scandal that involved billions of dollars in US Dollar terms.
Thomas had reportedly said that investigations into the SRC International case were in advanced stages when he was first appointed attorney-general in June 2018, and he chose to proceed with it as the theft of RM42 million were the “easiest to prove”.
He explained that the Attorney-General’s Chambers (AGC) have to rely on investigation papers by the relevant authority to decide on prosecution.
In My Opinion : The prosecution’s decision on having daily press conferences by the AG’s office after each proceeding, which was uncommon practice must be considered as being in accordance with open, transparent, inclusive and accountable practices and standards as required by the United Nations.
CHRONOLOGY
Najib Razak, Malaysia’s sixth prime minister and son of the second Malaysian premier, who had held the post for more than nine years from 2009 to 2018, and whose government was unseated at the 14th general election after failing to arrest the backlash from the 1MDB debacle, was arrested on July 3, 2018.
He was charged in the Kuala Lumpur Sessions Court the following day on three counts of criminal breach of trust and one count of abuse of power in relation to the misappropriation of RM42 million in funds belonging to SRC International, then an 1MDB subsidiary.
High Court’s verdict in convicting and sentencing former Malaysian prime minister and serving Parlimentarian at the date of conviction, Najib Razak for the misappropriation of SRC International Sdn Bhd funds totalling RM42 million is unprecedented in Malaysian history.
In a proceeding which lasted several hours, the former prime minister was convicted and found guilty on all seven charges of misappropriating RM42 million from SRC International Sdn Bhd by the High Court after a trial which lasted a total of 95 days.
The former prime minister was subsequently sentenced to 12 years’ imprisonment and a RM210 million fine. The sentence has been upheld by the appellate courts above.
“There is no error in the judgment of the High Court,” Court of Appeal Judge Abdul Karim Abdul Jalil said.
“This established that the appellant (Najib) had interest beyond his office in SRC. The loan is not for national interest but ended up as a national embarrassment. We find no good reason to disagree with the ruling of the High Court judge,” Abdul Karim said.
"We are in full agreement that Najib knew that funds entering his personal accounts were proceeds from unlawful activities. This is no national interest as the appellant claimed ... This is a national embarrassment," Abdul Karim said.
This "Arab donation story is a CONCOCTION. The money is from SRC and it has been fully established," the judge said.
The Federal Court in upholding the conviction and sentencing stated "We agree that the defence is so inherently inconsistent and incredible that it does not raise a reasonable doubt on the prosecution case,"
The Federal Court also ordered for a warrant of committal to be issued against the Serving Convict and for him to serve his sentence with immediate effect.
ON 20 OCTOBER 2022 - THE SERVING CONVICT IS NOW UNDERGOING SENTENCING IN THE MALAYSIAN PENAL SYSTEM PENDING THE DISPOSAL OF HIS JUDICIAL REVIEW APPLICATION.