SRC International Sdn Bhd was set up under the auspices of 1MDB in July 2011 and it is headed by none other than Nik Faisal Ariff Kamil, a close friend of Jho Low, who was brought over to 1MDB from Sarawak’s UBG as the fund’s chief investment officer.

Najib’s personal bank accounts move centre stage in the hunt for 1MDB’s missing billions

In 2010 Nik Kamil was the ‘link man’ between UBG, 1MDB and PetroSaudi for channelling US$260 million of 1MDB money into the purchase of UBG from Jho Low and the then Sarawak Chief Minister Taib Mahmud.

He was then transferred to become CEO of 1MDB’s new subsidiary SRC International Sdn Bhd.

SRC International courted immediate controversy in 2011 by borrowing RM4 billion from Malaysia’s public retirement fund Kumpulan Wang Persaraan (KWAP).

Over subsequent years 1MDB’s political critics have pressed the government to understand where that money went and have repeatedly complained at the lack of information provided by the company’s statements and accounts.

Most recently the Prime Minister, who had eventually taken SRC under the direct control of his own Ministry of Finance, announced in March that much of the money had been invested in a Mongolian company Gobi Coal & Energy.

However, documents now in the hands of Malaysian prosecutors, show that just the previous month (February 10th 2015) SRC International had transferred RM10 million into the account number 2112022011880 of “Dato’Sri Mohd Najib Bin Hj Abd Razak” at AmPrivate Bank in Kuala Lumpur.