News about SRC

KUALA LUMPUR (July 1): The High Court here has refused to give former prime minister Datuk Seri Najib Razak leave to attend parliament today on the grounds that while he is an MP, he is also facing seven criminal charges.

KUALA LUMPUR (June 27): Senior lawyer Tan Sri Muhammad Shafee Abdullah's money laundering trial, which was scheduled to begin next month, will instead start in March next year so that his original trial dates may be used for Datuk Seri Najib Razak's ongoing SRC International Sdn Bhd trial, where Shafee is serving as the former premier's lead defence counsel.

  KUALA LUMPUR (June 21): The prosecution in former prime minister Datuk Seri Najib Razak's (pictured) money laundering case involving RM27 million of SRC International Sdn Bhd funds will call fewer than 30 witnesses to testify during the trial.

KUALA LUMPUR (June 21): Former SRC International Sdn Bhd director Datuk Suboh Mohd Yassin told the High Court yesterday that he was directed to leave the country at the height of the 1Malaysia Development Bhd (1MDB) scandal in 2015.

  KUALA LUMPUR (June 21): SRC International Sdn Bhd has spent more than 90% of the two loans totalling RM4 billion granted to it by Kumpulan Wang Persaraan (Diperbadankan) (KWAP) in 2014, said former SRC director Datuk Suboh Mohd Yassin.

  KUALA LUMPUR (June 20): Former Cabinet deputy chief secretary Tan Sri Mazidah Abdul Majid (pictured) told the High Court today that if Datuk Seri Najib Razak had received payment from SRC International Sdn Bhd, a subsidiary of the Ministry of Finance Incorporated (MoF Inc), he would be required to declare his interests in Cabinet meetings discussing the company.

KUALA LUMPUR (June 20): Former SRC International Sdn Bhd director Datuk Suboh Md Yassin (pictured) took the stand as a key witness in the graft case against former prime minister Datuk Seri Najib Razak today.

KUALA LUMPUR (June 20): A Ministry of Finance (MoF) official told the High Court during former premier Datuk Seri Najib Razak's SRC International Sdn Bhd trial today that she prepared the memorandum for the Cabinet meeting on Aug 15, 2011 under duress, as she was told the company belonged to the then prime minister.

KUALA LUMPUR (June 19): A witness from the Ministry of Finance (MoF) told the High Court here today that for the first time ever, the ministry had to prepare materials on a company to be included in a Cabinet memorandum concerning its application for a government guarantee.

KUALA LUMPUR (June 19): SRC International Sdn Bhd — formerly a subsidiary of 1Malaysia Development Bhd — still owes Retirement Fund (Incorporated) (KWAP) RM4.