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Malaysia's anti-corruption probe into ex-PM Najib set to focus on money transfers at state-owned SRC
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The MACC investigation is focusing on how Mr Najib Razak had abused his position as finance minister to ensure that SRC obtained loans from another government agency.
ST PHOTO: ARIFFIN JAMAR
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KUALA LUMPUR - Malaysian prosecutors have their sights on the opaque activities of a little-noticed state-owned entity, SRC International Bhd, in their bid to build a case against former premier Datuk Seri Najib Razak for corruption.
Mr Najib, who has been summoned by the Malaysian Anti-Corruption Commission (MACC) for questioning on Tuesday (May 22), is expected to be asked by prosecutors about fund transfers amounting to more than 30 million ringgit (S$10 million) between mid-2014 and January 2015. These flowed from SRC International into several financial intermediaries before the monies were allegedly credited into his private account, lawyers and government officials familiar with the investigation told The Straits Times.
