SRC International

SRC International was formerly a subsidiary of 1Malaysia Development Berhad (1MDB), Malaysia's sovereign wealth fund. It has become a focal point in the ongoing legal battles surrounding former Prime Minister Najib Razak. SRC International is newsworthy because Najib Razak has been found liable for losses incurred by the company, and ordered by a Malaysian court to pay US$1.3 billion. This ruling is connected to Najib's conviction and 15-year jail sentence for abuse of power and money laundering related to misappropriating funds from 1MDB, including those linked to SRC International. The case highlights the widespread corruption allegations surrounding 1MDB and the accountability of high-ranking officials. The legal proceedings against Najib and the focus on SRC International underscore the Malaysian government's efforts to address corruption and recover misappropriated funds.