Where has RM4 billion SRC borrowed from KWAP disappeared to?

‘Najib can’t keep silent on SRC International amid Swiss case’

MP SPEAKS Malaysians have been demanding answers from Prime Minister Najib Abdul Razak on the 1MDB-related scandal, that is the RM4 billion from SRC International, which is the former subsidiary of 1MDB.

Similar to 1MDB, the money, which was borrowed from Retirement Fund Inc (KWAP), had been invested in mysterious and unknown funds overseas.

No one, including anyone from the Finance Ministry, knows where the money has disappeared to.

The prime minister and the attorney-general have also stubbornly refused to respond to the clear-cut evidence that has shown SRC International had transferred, via intermediaries, at least RM67 million into the personal bank account of Najib.

However, it appears that Najib cannot remain silent forever, since, like on the 1MDB matter, the international authorities are catching up with SRC International’s laundering scams.

The Swiss Attorney-General’s Office (OAG) has publicly stated that investigations have revealed substantial amounts of money were allegedly misappropriated from former 1MDB subsidiary SRC International and that fraud was committed based on a form of “Ponzi” scheme to cover it up.

Najib can no longer choose to remain silent, in the face of another international investigation over funds which he controls.

He must come forward and disclose if the allegations made by the Swiss authorities are frivolous, or are they substantive, which will require an open and thorough investigation in Malaysia.

In addition, Najib must state if he will provide full cooperation with the Swiss authorities who are demanding and requiring information from their counterparts in Malaysia.

Or is he going to merely pay lip service and ignore the requests?

At least in 1MDB, for the longest time, there were “faces” who responded to questions and queries, like Shahrol Halmi and Arul Kanda Kandasamy.

Who is running SRC International now?

The question Malaysians have is, who is, or are, running the show in SRC International now?

As far as we are aware, the managing director of SRC International, Nik Faisal Ariff Kamil, has disappeared off the face of Malaysia, together with another fellow director Suboh Yassin.

And yet, despite their disappearance, they have remained directors in SRC International over the past year or more.

‘Najib can’t keep silent on SRC International amid Swiss case’
Tony Pua
6 Oct 2016 – malaysiakini


0 Responses to “Where has RM4 billion SRC borrowed from KWAP disappeared to?”

  1. Leave a Comment

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

What happened to 1MDB’s money? – CNBC Video
Nuclear lessons for Malaysia (Part 1) (Part 2)
BN govt is directing attention to distant past and distant future, in order to distract people from present misdeeds and poor governance
Felda - A picture is worth a thousand words
How the 1MDB Scandal Spread Across the World (WSJ)
We cannot afford ridiculously expensive RM55 Billion ECRL!
All that is necessary
for the triumph of evil
is for good men
to do nothing.

- Edmund Burke
When the people
fears their government,
there is TYRANNY;
when the government
fears the people,
there is LIBERTY.

- Thomas Jefferson
Do you hear the people sing?



%d bloggers like this: