The criminal trial of former prime minister Najib Abdul Razak involving the alleged misappropriation of funds from SRC International Sdn Bhd enters its 15th day today at the High Court in Kuala Lumpur.
Malaysiakini brings you live reports of the proceedings.
Slight delay due to Shafee mention
9.02am - Clad in a black suit and blue tie, accused Najib Abdul Razak enters court and takes a seat at the front row of the public gallery.
However, his lead counsel Muhammad Shafee Abdullah is first attending mention of his (Shafee) money laundering case before another Kuala Lumpur High Court.
After the case mention before judge Collin Lawrence Sequerah is done, Shafee will proceed to judge Mohd Nazlan Mohd Ghazali's High Court, where the SRC International trial is being held.
All eyes will be on the line of questioning that Najib Abdul Razak’s defence team has prepared for the cross-examination of Azlida Mazni Arshad in the former prime minister’s SRC International trial at the Kuala Lumpur High Court at 9am this morning.
This is due to the 35th witness and Retirement Fund Incorporated (KWAP) vice-president of legal and secretarial affairs' testimony during the prosecution’s examination-in-chief on Thursday last week.
She testified as to how the then premier Najib had urged the retirement fund for public servants to expedite the approval of a RM2 billion loan to SRC International.
Azlida had told the hearing before judge Mohd Nazlan Mohd Ghazali that the accused made the request through then KWAP chairperson Wan Abdul Aziz Wan Abdullah.
She said this was followed by KWAP's then CEO Azian Mohd Noh briefing the fund's special investment panel in a July 19, 2011 meeting. The witness had minuted the meeting.
In 2011, Najib was then also Finance Minister and chairman of 1Malaysia Development Bhd’s board of advisors.
SRC International was then a subsidiary of 1MDB, but later in Feb 2012 the former (SRC International) had its ownership transferred from 1MDB to Minister of Finance Incorporated (MOF Inc).
Past testimonies pointed to SRC International receiving a total RM4 billion in loans from KWAP in two main tranches - first RM2 billion in Aug 2011 and the second RM2 billion in March 2012.
The witness had also given oral evidence on how during the same July 19, 2011 meeting, the special investment panel agreed that RM2 billion loan was too high due to concern on SRC International’s RM2 paid-up capital, and had initially only agreed to grant RM1 billion loan.
-Mkini
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