There was criminality and forgery in the running of SRC, ex-director tells court

KUALA LUMPUR: A former SRC International Sdn Bhd director told the High Court here Monday (June 24) that there was a lot of criminality and forgery in the management of the company.

Datuk Suboh Md Yassin, 73, also said the company's former chief executive officer Nik Faisal Ariff Kamil, who is currently at large, lied to the board of directors about the repatriation of SRC funds from overseas.

He said this when queried by Datuk Seri Najib Razak's counsel Tan Sri Muhammad Shafee Abdullah as a third-party respondent in SRC’s US$1.18bil civil suit against the former prime minister and Nik Faisal.

ALSO READ: I merely served as 'rubber stamp' in SRC, former director tells court

Muhammad Shafee: I have proven to you and you agreed that there is a lot of forgery going on in the management?

Suboh: Yes.

Muhammad Shafee: Do you agree with me that Nik Faisal did not repatriate back the funds despite promising to the board?

Suboh: Yes.

Questioned further as to whether or not there were some "rogues" in the management who were running the show at SRC, the witness also answered "yes”.

ALSO READ: Najib controlled all aspects of SRC, says former director

The trial before Justice Datuk Ahmad Fairuz Zainol Abidin continues on Tuesday (June 25).

Under new management, SRC filed the suit in May 2021, claiming that Najib had committed a breach of trust and abuse of power, personally benefited from the company’s funds, and misappropriated the said funds.

It also seeks a court declaration holding Najib responsible for the company's losses due to his breach of duties and trust, and for Najib to repay RM42mil in losses the company incurred. – Bernama

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