SRC appeal: Najib's deferred gratification is irrelevant, says prosecution
The prosecution asserted that the evidence of his conduct had established the former prime minister's clear initial plan to swindle money from the company.
The prosecution asserted that the evidence of his conduct had established the former prime minister's clear initial plan to swindle money from the company.
Prosecutor Datuk V Sithambaram said the fact that Najib chaired the Cabinet meetings showed that he was indeed personally involved in the decisions to grant the GGs for KWAP’s loan to 1Malaysia Development Bhd's (1MDB) former subsidiary SRC.
Lawyer Farhan Read, who is part of Najib’s defence team, said the court had to take into consideration that Ahmad Husni, who testified for the prosecution, is an interested witness who may want to see the former prime minister implicated.
The defence was supposed to have ended their submissions on Thursday (April 8) in the 12-day appeal hearing set by the appellate court. However, due to the lengthy submissions, the three-member bench allowed the extension.
A copy of the minutes was produced by Tan Sri Ismee Ismail, who said he had retrieved the document from his car.
“We only know that the sum of RM2 billion came in August 2011 and on the same day, it was transferred out ..."
The bankruptcy notice was issued by the High Court on Monday (April 5) over taxes totalling RM1.74 billion, including interests, that Datuk Seri Najib Razak owed the government
Justice Datuk Abdul Karim Abdul Jalil, who is leading the three-member bench, interrupted submissions by counsel Harvinderjit Singh at times, asking him to move on as the issue he was covering had been submitted at length.
Chief executive officer, Ung Su Ling, had earlier claimed that the directions to transfer the disputed sum of RM42 million of SRC International Sdn Bhd funds came from the former premier's principal private secretary, the late Datuk Azlin Alias.
The report by the job and recruitment agency released yesterday noted that while the pandemic and the resulting economic downturn have had a significant impact across the Asia Pacific, including Malaysia, optimism is already starting to show, with about 33% of companies in the country looking to increase their headcount and 40% to maintain status quo in 2021.