How do 1MDB funds to Zeti’s family affect Najib’s case, asks prosecution
March 15, 2022 6:47 PM
PUTRAJAYA: The prosecution in Najib Razak’s SRC International case has questioned how former Bank Negara Malaysia governor Zeti Akhtar Aziz’s family’s receipt of 1MDB funds affects the case.
Ad hoc prosecutor V Sithambaram told the Federal Court that the channelling of funds to Zeti’s family took place in 2008 and 2009, and it was therefore unrelated to the seven charges against Najib for events that transpired between 2011 and 2015.
“SRC International only existed in 2011. And there is no link between the money received by Zeti’s family from 1MDB and the SRC funds in the accused’s (Najib) bank accounts,” he said in objecting to Najib’s appeal to adduce fresh evidence in his SRC International case.
The hearing continues tomorrow.
Other judges who are hearing the appeal are Court of Appeal president Rohana Yusuf, Chief Judge of Malaya Azahar Mohamed, Chief Judge of Sabah and Sarawak Abang Iskandar Abang Hashim, and senior Federal Court judge Zawawi Salleh.
DPP: Zeti’s family bank transactions were before SRC formation
Published: Mar 15, 2022 5:19 PM
The prosecution has contended that the banking information of the family of former Bank Negara Malaysia (BNM) governor Zeti Akhtar Aziz is irrelevant to Najib Abdul Razak’s RM42 million SRC International corruption case.
During proceedings before the Federal Court today, deputy public prosecutor V Sithambaram submitted that this is because the banking transactions of Zeti’s family dated back to 2008.
The prosecutor pointed out that this contradicted the contention that the former prime minister received RM42 million of SRC funds into his bank account between late 2014 and early 2015.
Among the fresh evidence sought was banking information on Zeti’s husband Tawfiq Ayman dating back to 2008.
SRC did not exist yet
Sithambaram also submitted that the prosecution’s case has never relied on this banking information that predated SRC’s existence.
Malaysian sovereign wealth fund 1MDB established SRC as a subsidiary in 2011. A year later, SRC became wholly owned by the Minister of Finance Incorporated (MoF Inc).
“The money (subject of the banking information sought by Najib) went into Tawfiq’s account between 2008 and 2009. But the (SRC) money came into (Najib’s) account in 2014.
“SRC did not even exist when the money went into Tawfiq’s account, and they (Najib’s lawyers) wanted to rely on this,” Sithambaram said.