Who is running SRC International, asks Tony Pua

Who is running SRC International, asks Tony Pua

Former 1Malaysia Development Berhad (1MDB) subsidiary, SRC International Sdn Bhd only has to answer a few simple questions, including whether it transferred RM50 million to its subsidiary Gandingan Mentari, and if RM42 million of that amount ended up in the prime minister's account, a DAP lawmaker said.

DAP's Petaling Jaya Utara MP Tony Pua says the Finance Ministry must reveal who was involved in the internal investigation that SRC International said they had undertaken. – The Malaysian Insider pic, October 22, 2015.The party's publicity chief Tony Pua said that it appeared as though SRC International had taken a leaf off its former parent, 1MDB, in making sweeping denials without specifics.

This comes after SRC International yesterday denied in a statement allegations that it has misappropriated a RM4 billion loan from Retirement Fund Incorporated (KWAP).

The statement was in response to reports carried by news portal MalaysiaKini and whistleblower site Sarawak Report that had published an alleged charge sheet against Prime Minister Datuk Seri Najib Razak and a diagram of alleged fund flows into his accounts – claiming that a RM4 billion loan obtained by SRC International from KWAP had been misappropriated.

SRC said in its statement it conducted an internal investigation and believed that the claims were based on fabricated documents, representing a deliberate attempt to mislead the public.

But Pua said today that SRC International only had to answer whether it transferred RM50 million to its subsidiary, Gandingan Mentari.

"Did Gandingan Mentari then transfer a total of RM50 million to Ihsan Perdana?

"Further to that, did Ihsan Perdana which acts on behalf of 1MDB, transfer RM42 million of that amount to the prime minister?

"Those are very simple 'yes' or 'no' questions which doesn't take a rocket scientist to answer," he said at a press conference at the Parliament lobby today.

Pua said that SRC instead, chose to be hyperbolic, calling "on those quarters who are engaged in efforts to overthrow the government to desist from involving SRC in their political campaign and to avoid making false and unsubstantiated allegations".

"We would like the Ministry of Finance to inform us, who exactly is running SRC International today?

"Who actually carried out the internal investigations," Pua asked.

He added that a top executive of SRC, Nik Faisal Ariff Kamil, a close associate of businessman Low Taek Jho (better known as Jho Low), has been on the run for the past six months.

Another key director of the company, Datuk Suboh Mohd Yassin, has also disappeared, he said.

"Both individuals are wanted by the Malaysian Anti-Corruption Commission (MACC) to assist with investigations.

"Is there already a new management team put in place to run SRC International?

"Are the identities of this new team top secret as well," Pua said.

- TMI