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Thursday, January 22, 2026

Najib concedes in court that RM42m SRC funds not Saudi donation

 


Najib Abdul Razak today conceded in the Kuala Lumpur High Court that the RM42 million deposited into his personal bank accounts was unrelated to any Saudi donation.

The former prime minister made this admission under cross-examination by SRC International Sdn Bhd’s counsel, Kwan Will Sen, as part of the RM42 million civil suit filed against him by SRC and its subsidiary, Gandingan Mentari Sdn Bhd.

“At that particular time, I thought it was a Saudi donation,” said Najib.

Kwan: The truth in your mind - if I can use those words - at this moment, is that the RM42 million has nothing to do with the Saudi donation?

Najib: Based on subsequent knowledge, yes.

Earlier, Kwan asked Najib to acknowledge that his “Saudi donation” defence had been comprehensively dismissed by the courts in the related criminal proceedings.

Kwan: Your defence (Saudi donation) was rejected by all levels of the courts (in the SRC International criminal case). Is that correct?

Najib: Yes, but I have to clarify because I didn’t have the opportunity to do a full explanation at the Federal Court. That’s why in the review, one of the judges - a senior judge - agreed with our position. During the review, he concluded I didn’t get a fair trial.

Kwan: All said and done, the majority finding upheld the conclusion (that the funds were not a Saudi donation). That is correct, isn’t it?

Najib: Yes, unfortunately, yes.

Najib also acknowledged that the High Court, in its recent 1MDB verdicts, had ruled there was no documentary evidence to support his “Saudi donation” defence.

The 2021 civil suit, filed by SRC and Gandingan Mentari, seeks a declaration that Najib is liable for the RM42 million, as well as damages for knowing receipt, dishonest assistance, misfeasance in public office, and abuse of power.

The hearing before judge Raja Ahmad Mohzanuddin Shah Raja Mohzan resumes tomorrow.

Bernama

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