SRC did not comply with procedures involving CSR grant of RM250mil, court told

Former SRC director Datuk Suboh Md Yassin, 68, said SRC had appointed Ihsan Perdana Sdn Bhd to head its CSR programmes in a letter dated Sept 3, 2014.The witness said Nik Faisal had suggested for SRC to help the east coast flood victims.“The board discussed about it and agreed to hasten the process so the money could be used to help flood victims immediately,” he said.

The key witness was giving his explosive testimony under examination-in-chief by Deputy Public Prosecutor Datuk Ishak Mohd Yusoff at Datuk Seri Najib Razak’s corruption trial involving the misappropriation of RM42mil in SRC funds here. However, Suboh said it was in his opinion that the grant involved a huge amount and should have gone through the existing procedure of getting a written approval through the board’s resolution first.

“I raised the issue about the company’s regulation and other issues pertaining to compliance as the grant would involve SRC’s funds.Suboh said he had thought that the superior in question was Najib, who was the advisor emeritus of SRC.Suboh, who is now retired, said if there was a balance to the grant which was unused, Ihsan Perdana must return the money to SRC after the grant expired.“I do not know if there was any balance from the grant that was returned by Ihsan Perdana to SRC,” he said.

On July 4 last year, Najib claimed trial to a charge of abuse of power and three counts of criminal breach of trust linked to the 1MDB scandal.On Aug 8 last year, he was charged with three counts of money laundering involving the same RM42mil.

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