I spent millions, but i did not know it was SRC’s money – Najib

I spent millions, but i did not know it was SRC’s money – Najib

KUALA LUMPUR: Datuk Seri Najib Tun Razak today admitted that he had spent tens of millions of money credited into his personal bank accounts between 2014 and 2015.

In fact, the 67-year-old former premier told the High Court here that he had spent every cent in his accounts as he thought it was from the Corporate Social Responsibility (CSR) funds that he had.

However, Najib maintained his stance that he did not know the money was SRC International Sdn Bhd’s funds.

When cross-examined by ad-hoc prosecutor Datuk V. Sithambaram, the Pekan MP agreed that he had spent RM27 million which was credited into his accounts in July, and RM5 million in September 2014.

Sithambaram: RM27 million went into your account in July, you said you did not know

Najib: Yes, I did not know that it was SRC’s money, I only know much later.

Sithambaram: But you spent every cent of it

Najib: Yes.

Sithambaram: Did you know that RM5 million went into your account in September

Najib: I did not know at that time.

Sithambaram: But you spent every cent of it 

Najib: Yes.

Sithambaram: In December, RM27 million went into your account. Did you know that

Najib: At that time, I did not know.

Sithambaram: But you spent it

Najib: Yes, I spent it…it was the CSR fund that I had.

To another question, Najib said he did not find it shocking that Nik Faisal Ariff Kamil, the former chief executive officer of SRC did not tell him that RM32 million was transferred into his accounts, as Nik Faisal was managing his account.

Sithambaram: So the mandate holder can keep away from you large funds going in and leaving your account, and you don’t find it shocking

Najib: Yes

Najib is making his defence on seven charges of misappropriating RM42 million in SRC International funds, comprising three counts of criminal breach of trust, three counts of money laundering and one count of abuse of position in relation to the SRC funds.

The trial before Judge Mohd Nazlan Mohd Ghazali continues.