KUALA LUMPUR, June 6 ― SRC International Sdn Bhd was atypical as its shareholder did not seek the board’s expertise and opinions, the Commercial High Court heard today. Former...
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Former SRC International director Tan Sri Ismee Ismail said this while testifying as a third party in SRC International’s US$1.18 billion civil suit against former prime minister Datuk Seri Najib Razak. “That is not the scenario. It was ‘OK, you are appointed as a board member, these are the directions or wishes of the shareholder for the board to execute’. That was the situation then,” he said under cross-examination by Najib’s lawyer Muhammad Farhan Muhammad Shafee.
To this, Ismee replied that Nik Faisal ought to have taken the initiative to highlight the matter in meetings with the former prime minister. “I shouted at him , that is when I took my own personal effort to ensure the accounts were closed,” he said, adding that it had never crossed his mind that Nik Faisal turned out to be a ‘liar’.
SRC as a plaintiff in the writ of summons had alleged that Najib had abused his power and obtained personal benefits from SRC International’s funds as well as misappropriated the funds. Najib was SRC’s emeritus adviser from May 1, 2012, until March 4, 2019.
Court SRC International Sdn Bhd Commercial High Court SRC Suit Against Najib
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