PETALING JAYA: A former director of SRC International Sdn Bhd told the High Court today that the company’s management was riddled with criminal activities, including forgery.
Suboh Yassin said the company’s former CEO Nik Faisal Ariff Kamil, who is currently at large, had lied to the board of directors pertaining to the repatriation of SRC International’s funds from overseas.
He said this when queried by Najib Razak’s counsel Shafee Abdullah as a third-party respondent in SRC International’s US$1.18 billion (RM5.65 billion) civil suit against the former prime minister and Nik Faisal, reported Bernama.
Shafee: I have proven to you and you agreed that forgery was rampant in the management?
Suboh: Yes.
Shafee: Do you agree with me that Nik Faisal did not repatriate the funds despite promising to (do so to) the board?
Suboh: Yes.
Asked by Shafee whether there were “some rogues” in SRC International’s management that were running the show, the witness also answered with a “yes”.
Under its new management, SRC International filed a suit in May 2021, claiming that Najib had committed a breach of trust and abuse of power, personally benefitted from the company’s funds, and misappropriated the said funds.
It also seeks a court declaration holding Najib responsible for the company’s losses due to his breach of duties and trust, and for Najib to repay the RM42 million in losses the company incurred.
A judgment in default of appearance has been entered against Nik Faisal.
The trial before Justice Ahmad Fairuz Zainol Abidin continues tomorrow.
