The Malaysian Anti-Corruption Commission (MACC) will begin investigating SRC International Sdn Bhd as it now has the grounds to do so.

Deputy Chief Commissioner (Operation) Datuk Seri Mohd Shukri Abdull in a statement said upon investigation, it is found that the issues were relevant and had the grounds for MACC to investigate under MACC Act 2009.

When contacted by Astro AWANI today a spokesman for MACC said that the investigation involved cash worth RM4 billion borrowed from the Retirement Fund Inc (KWAP) to SRC International Sdn Bhd.

SRC International Sdn Bhd is a company owned by the Finance Ministry.

The Finance Ministry in its written reply at the Dewan Rakyat earlier confirmed that part of the money borrowed had been invested in assets relating to natural resources in foreign countries including Indonesia and Mongolia.

In its report today, Wall Street Journal (WSJ) claimed SRC International as the company which transferred the money to several private accounts owned by Prime Minister Datuk Seri Najib Tun Razak.

The report quoted a document which it said was obtained from an investigation held over 1Malaysia Development Berhad (1MDB).

WSJ reported that the document had traced nearly US$700 million (RM2.6 billion) was transferred to a government agency and later credited into the Prime Minister’s personal accounts in separate deposits.

Sarawak Report meanwhile in its report today claimed that RM42 million had been transferred into Najib’s accounts from SRC International Sdn Bhd, a company owned by the Finance Ministry.

Following these reports, 1MDB had denied that it transferred any funds to Prime Minister’s account.