Over the last two days, ad hoc prosecutor V Sithambaram argued how SRC was set up and obtained a RM4 billion loan from Retirement Fund Incorporated (KWAP).

Sithambaram said a large portion of this money, or RM3.6 billion, was remitted to BSI Bank in Lugano, Switzerland, with RM42 million of the remaining funds entering Najib’s accounts between 2014 and 2015.

The prosecution told the court the RM42 million was “utilised by the appellant (Najib) for his personal benefit and for his political purposes”.

Sithambaram also said that, during the trial at the Kuala Lumpur High Court, two witnesses – Dr Shamsul Anwar Sulaiman and Ung Su Ling – testified they had informed Najib that money from SRC was deposited into his accounts.

“He (Najib) consciously omitted doing anything on the matter as he knew this would expose his criminal intent in the commission of the said offences,” he added.

Najib is seeking to quash his conviction for abuse of power, money laundering and criminal breach of trust (CBT) over SRC funds amounting to RM42 million that entered his bank accounts.

On July 28, 2020, he was convicted by the High Court. His conviction was upheld by the Court of Appeal on Dec 8 last year, as was his 12-year jail sentence and RM210 million fine.

The hearing continues on Tuesday, Aug 23.

The Federal Court bench is being led by Chief Justice Tengku Maimun Tuan Mat along with Chief Judge of Sabah and Sarawak Abang Iskandar Abang Hashim and Federal Court judges Nallini Pathmanathan, Mary Lim and Zabidin Mohd Diah.

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