KUALA LUMPUR: Former SRC International Sdn Bhd director told the High Court here today that all aspects of running the strategic investment company we...
: Former SRC International Sdn Bhd director told the High Court here today that all aspects of running the strategic investment company were controlled by Datuk Seri Najib Tun Razak, either directly by himself or through his proxy and representative, former SRC chief executive officer Nik Faisal Ariff Kamil.
“SRC is unlike any other private limited company where in other such companies, as a matter of common practice and law, the directors are conferred the power to make decisions independently. SRC has a peculiar setup,“ said Suboh while reading his witness statement during examination-in-chief by counsel Abraham Au representing SRC.
“Datuk Seri Najib had full and absolute control over all aspects of the running of SRC, to the exclusion of the Board, I felt that my role in SRC was not any different from being a civil servant where we were accustomed and expected to strictly follow all directions from the top, in this case, it is from the Prime Minister.
“Important matters concerning financing, opening of bank account, appointment of CEO, legal counsel, company secretary, establishment of subsidiary and formation of joint venture companies were contained in shareholder minutes issued by Datuk Seri Najib. Meanwhile, he said Nik Faisal would only approach him on occasion when he needed Suboh’s signature on documents and initially, the witness would query the purpose of the documents he required to sign.
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