The prosecution today grilled former prime minister Najib Abdul Razak over his apparent lack of interest at SRC International Sdn Bhd's decision to send billions of ringgit abroad for investments despite admitting that he was surprised by it.

Testifying at his graft trial at the Kuala Lumpur High Court today, Najib, while under cross-examination by deputy public prosecutor V Sithambaram, maintained that the state-owned company's board had made the decision without his involvement.

SRC International Sdn Bhd, a former 1MDB subsidiary, is owned by Minister of Finance Incorporated (MOF Inc). MOF Inc was SRC International's sole shareholder, and Najib was the finance minister at the time.

Sithambaram: When you were told huge investments were taking place overseas, did you express shock that MOF Inc, as the single shareholder, was not informed of these transactions which involve SRC's capital?

Najib: Of course, I was surprised.

Sithambaram: It's good to be surprised. If you were surprised, you would inquire from the board how they sent a substantial sum overseas. Did you inquire?

Najib: No, I did not inquire.

Sithambaram: I'm putting it to you, you didn't inquire because all the minutes of shareholders referred to you were indeed signed by you and handed to the board to be carried out.

Najib: I disagree.

SRC International had taken around RM4 billion in loans from the Retirement Fund Incorporated (KWAP), RM3.6 billion of which the company sent overseas and its status is now unknown.

Sithambaram suggested that Najib knew exactly what SRC International was doing, but the former premier maintained that he had left things to the company's management.

"I only took interest on what was brought to my attention," said Najib.

Najib is standing trial for seven charges of money laundering, criminal breach of trust and abuse of power involving RM42 million in funds from SRC International.

The case is being presided by High Court judge Mohd Nazlan Mohd Ghazali.

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