Former MCA president Dr Ling Liong Sik said there is no legitimate reason for SRC International Sdn Bhd, a former subsidiary of 1MDB to channel an extraordinary sum of RM42 million into Prime Minister Najib Abdul Razak's accounts.

Ling in his defence statement and counter claim over Najib's suit said the transfer occurred sometime between Dec 2014 and Feb 2015.

He said SRC, incorporated on Jan 7, 2011 was formerly controlled by 1MDB but is now owned by Minister of Finance, Najib's ministry.

SRC owns 998 shares out of the total paid up capital of 1000 shares of Gandingan Mentari Sdn Bhd, he said.

“There is no legitimate reason why SRC had cause to channel any money, let alone the extraordinarily large sum of RM42 million in the plaintiff's personal bank accounts.

“There is no reason for Najib to personally receive such an extraordinarily large sum into his personal accounts."