Datuk Seri Najib Razak is pictured at the Kuala Lumpur High Court January 22, 2020. — Picture by Ahmad Zamzahuri
Najib, who is on trial for misappropriating RM42 million from SRC International and testifying in his own defence under cross-examination from ad hoc prosecutor Datuk V. Sithambaram, explained that he maintained Nik Faisal “for a while” as mandate holder up until his bank accounts were closed in 2015.
Najib also told the court he maintained Nik Faisal as an SRC International director, despite removing him from the chief executive post over financial mismanagement, in order to repatriate SRC funds frozen by the Switzerland’s authorities as he wanted “continuity”. Sithambaram then suggested to Najib that Nik Faisal was both his account mandate holder and his man in the company to carry out his bidding, to which Najib disagreed.
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