In court on Tuesday 21 January 2020, when under cross-examination by ad hoc DPP Sithambaram Najib Razak said:
Sithambaram: Do you agree that the only achievement by SRC is to park RM3.6 billion in Switzerland?
Najib: Now, as we know.
Sithambaram: Did you not enquire (about this)?
Najib: It was supposed to be in transit for investment.
“I didn’t consent to any of these things. I am not party to all this. 1MDB paid the money as per the joint-venture agreements with the foreign countries... but once the money was paid, I have no control over what they did with the money.
This claim that once 1MDB paid the money to the relevant JV companies Najib and 1MDB had no control over what happened to the money has been a consistent part of the 1MDB story pre 9 May 2018 when the change of government occurred. In the words of Arul Kanda:
Arul Kanda: Swiss probe shows 1MDB could be victim of fraud
Najib ought to have been further questioned about his knowledge of the funds held "in transit for investment", but he was not.