The signatories to the bank account were the company’s former chief executive and managing director, Nik Faisal Ariff Kamil, and former 1MDB CEO Datuk Shahrol Azral Ibrahim Halmi.
KUALA LUMPUR (July 8): The controversial — and so-called secret — 736 bank account of SRC International Sdn Bhd was opened on Jan 7, 2011 — some eight months before the company was acquired by 1Malaysia Development Bhd (1MDB) in August, at which point directors were appointed to the SRC board, star prosecution witness Datuk Suboh Md Yassin told the Kuala Lumpur High Court last week.
As with the 39th prosecution witness and former SRC chairman Tan Sri Ismee Ismail, Suboh claimed that he did not have knowledge of the bank account, into which Kumpulan Wang Persaraan (Diperbadankan) (KWAP) transferred the first RM2 billion ($657 million) loan on Aug 29, only for RM1.8 billion to be channelled to overseas banks the very next day “to get better returns”.
