BY KENNETH TEE
KUALA LUMPUR, Dec 10 — Datuk Seri Najib Razak disassociated himself today from the financial predicament faced by SRC International Sdn Bhd after the bulk of its RM4 billion loan were frozen by Swiss authorities in 2013, saying full responsibility rests solely with the former 1Malaysia Development Berhad unit.
Najib told the High Court that SRC International's management was supposed to take action to repatriate the money that was deposited in Swiss-bank BSI headquarters in Lugano, Switzerland after it was frozen over alleged money-laundering offences in 2013.: SRC was supposed to do that. : I put it to you that you did nothing to investigate. You took no steps to defend the government guarantee being called. There was no money in the consolidated fund. This was taxpayers’ money, but you did nothing!After things quietened down, Thomas intensified his cross examination by questioning Najib whether SRC International has become insolvent and thus unable to service its debt after he ceased being the prime minister in May 2018.
So where is the money now?
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