Najib declares assets of RM4.49mil in response to Mareva injunction granted to SRC

KUALA LUMPUR: Former prime minister Datuk Seri Najib Razak (pic) has declared assets standing at RM4.49mil to the High Court here.

The disclosure was made in an additional affidavit filed at the court as part of a Mareva injunction against him in a lawsuit filed by SRC International Sdn Bhd and its subsidiary Gandingan Mentari Sdn Bhd.

On March 24, SRC International and Gandingan Mentari obtained the Mareva injunction to prevent Najib from transferring or dissipating any of his assets amounting to RM42mil.

ALSO READ: SRC obtains Mareva injunction against Najib to prevent him from transferring assets amounting to RM42mil

A Mareva injunction is a temporary order which restrains the defendant from disposing of assets until the determination of the case between the plaintiff and the defendant.

The court directed that Najib, 69, must not remove, dispose of, deal with or diminish the value of any of their assets in and outside of Malaysia up to the value of RM42mil, pending the final determination of the suit.

More to come