After Guilty Verdict Najib Claims Src Money Was For Orphans Umno

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About a week since he was found guilty of money laundering, criminal breach of trust and abuse of power in the SRC International trial, Najib Abdul Razak has come forward to insist none of the RM42 million involved had been for “personal use” or bribes. The former prime minister also vowed to appeal the Kuala Lumpur High Court’s “unfair” verdict
In a seven-minute video released late last night, Najib claimed that SRC money had been used for Umno “welfare programmes” and “corporate social responsibility” (CSR) initiatives for orphans; never for himself
“I was ordered to pay an RM210 million fine on the RM42 million where 99 percent was spent for CSR, RM5 for every RM1 spent. The truth is it was not for personal use. The court itself confirmed that 99 percent was not for personal use
“For example, a witness involved in the SRC case (said) my RM400,000 contribution to Rumah Penyayang Tun Abdul Razak in Pekan was for daily expenses and schooling costs of orphans. “Because of that contribution, I was sentenced to an RM2 million fine [...] I have been punished for doing charity, for looking after orphans and their schooling costs,” he claimed
Najib also lamented that he was penalised for giving money to Umno
“I have also been fined RM3.25 million because I gave an RM650,000 contribution to Umno Johor, Penang and Kedah for them to run their welfare programmes. There are many more examples of such spending where it was not for my personal use or personal comfort, but for the rakyat and the party,” he alleged
Witnesses previously told the court that RM300,000 was channelled from Najib’s account to Johor Bahru Umno, RM1 million to Penang Umno’s communications units and RM50,000 to Padang Serai Umno chief Asmade Abu Talib back in 2015. During the trial, Najib told the court that the RM543,530 charged to his credit card and later paid off using funds from SRC International was spent at luxury boutiques in the USA
He also testified to spending RM127,017.46 on a luxury hotel stay as part of his “personal holiday” in Bangkok, Thailand in 2015
Witness testified on ‘donation’Najib further disputed judge Mohd Nazlan Mohd Ghazali’s ruling that there was no evidence the Saudi king intended to provide him with a “donation”, pointing to witness testimonies that suggested otherwise. Najib’s defence team had repeatedly argued during the trial that the former PM believed that the RM42 million that flowed into his account between Dec 2014 and Feb 2015 was a donation from the Saudi royal family. The prosecution had argued that the money originated from government-guaranteed loans from the Retirement Fund Incorporated (KWAP), a statutory body managing pension schemes for public employees. In his verdict, the judge found no evidence that Najib was personally informed of the donation nor did he attempt to verify the source of the funds when he received them. Nazlan also noted evidence that money “suddenly appeared” in Najib’s account whenever his account balance was low
Mohd Nazlan Mohd GhazaliHe ruled that Najib’s defence of his belief that the funds were donations was “nothing but an implausible concoction”. In the video, the Pekan MP vowed to challenge his conviction and 12-year jail sentence in the Court of Appeal. “Based on the support given to me and for standing firm in the truth, I pledge to continue fighting against this very unfair decision. I will fully utilise the appeal process with determination and I will continue to fight for the rakyat
“The main point here is I never asked for or was offered the RM42 million as a bribe. The prosecution did not submit a pinch of evidence to prove this happened,” he said
Najib’s legal team filed an appeal against his conviction and sentence last Thursday (July 30). He was granted a stay on the sentence pending his appeal after he posted an additional RM1 million bail with two sureties. During his tenure as PM, Najib had served as finance minister, advisor emeritus to SRC International and chairperson of the board of advisors to sovereign wealth fund 1MDB
Formerly a 1MDB subsidiary, SRC International later came to be fully-owned by the Minister of Finance Incorporated (MOF Inc)
-Mkini

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