KUALA LUMPUR: A former SRC International Sdn Bhd director merely served as a ‘rubber stamp’ in SRC International Sdn Bhd at the behest of its advisor emeritus, Datuk Seri Najib Razak, the High Court heard.
Datuk Suboh Md Yassin, 73, said as a result of this ‘rubber stamp’ modus operandi, he was not in any position to verify if he had signed certain documents or whether his signatures on SRC-related documents had been forged.
“I was not allowed to apply any independent mind in this entirely mechanical process. I note that SRC’s former chief executive officer Nik Faisal Ariff Kamil used to bring several documents for me to sign and I would have signed them pursuant to his request.
“This is the same modus operandi in which I was accustomed to act and it applies equally to SRC’s subsidiary companies,” said Suboh while reading his witness statement when testifying as a third-party respondent in SRC International’s US$1.18bil civil suit against Najib, and Nik Faisal, who is currently at large.
Suboh suggested that, in hindsight, the SRC board of directors seemed to exist merely to meet some perceived corporate formalities, and they were never intended to be involved in SRC’s daily operations, investment plans, or decision-making processes.
The trial before Justice Ahmad Fairuz Zainol Abidin continues on June 24.
