SRC board unaware of drawdown

Ismee: Board had no control over the account as they were not aware of it.

KUALA LUMPUR: The High Court here was told that the board of directors at SRC International Sdn Bhd had no clue that RM2bil in funds it obtained from the Retirement Fund Incorporated (KWAP) was wired into an unknown account.

Former board chairman Tan Sri Ismee Ismail testified that the then CEO, Nik Faisal Ariff Kamil, did not inform the board that he (Nik Faisal) had asked KWAP to draw down RM2bil into an AmBank account ending with the numbers 736.