Najib denies being 'father' of SRC International

The Star

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).  Read more at https://tinyurl.com/3a5rhjay  WATCH MORE: https://thestartv.com/c/news SUBSCRIBE: https://cutt.ly/TheStar LIKE: https://fb.com/TheStarOnline

Transcript

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.

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