Pua: Najib should explain money transfers made my SRC International

29 Jan 2016 / 10:37 H.

KUALA LUMPUR: Petaling Jaya Utara MP Tony Pua yesterday claimed that the failure by the Attorney-General to explain certain financial transactions has cast a dark cloud over the entire investigations involving 1MDB, SRC International and the RM2.6 billion.
He said the AG, Tan Sri Apandi Ali exposed a chart which showed that an additional RM27 million was channeled to the prime minister's personal bank accounts from SRC International Sdn Bhd.
He said the chart showed how SRC International transferred RM35 million on Jul 8, 2014 to Putra Perdana Construction Sdn Bhd, which then transferred RM34.99 million to its subsidiary, Permai Binaraya Sdn Bhd on the very same day.
Again on the same day, he said RM27 million was transferred to Datuk Seri Najib Abdul Razak's bank account, and immediately redistributed to the prime minister's other personal bank accounts.
"RM3.2 million was also utilised a month later to pay for Najib's VISA and Mastercard bills, while RM27 million received by him was on top of the subsequent RM42 million which was channeled by SRC International via another company, Ihsan Perdana Sdn Bhd.
"The chart also revealed a disconcerting amount of criss-crossing transactions between SRC International Sdn Bhd and Putra Perdana Construction Sdn Bhd," he said in a statement.
Subsequent to the RM35 million transfer on Jul 8, 2014, RM105 million and RM30 million was transferred on Jul 14 and Aug 8, 2014 respectively, from SRC International to Putra Perdana Construction.
Both the sums were channeled to Putra Perdana's other subsidiary, Putra Perdana Development Sdn Bhd but were however "returned" from Putra Perdana Development to Putra Perdana Construction a few months later on Dec 12, 2014, and transferred back to SRC International on the same date.
In the interim period, Putra Perdana Construction also transferred another RM5 million to Najib's personal bank account on Sept 10, 2014.
Putra Perdana Construction is the construction arm of Putrajaya Perdana Bhd, while Putra Perdana Development is the latter's property development division.
"As the Finance Minister, Najib must explain why SRC International, a wholly-owned subsidiary of the Ministry of Finance, is shifting funds to and fro with completely unrelated private entities," he added.


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