Umno, Selangor Umno given more time to settle SRC’s RM19.5mil suit


KUALA LUMPUR: The High Court here has given a one-week extension to Umno and Selangor Umno to update the court on the settlement of a lawsuit filed by SRC International Sdn Bhd and two of its subsidiaries over the allegation that the parties had received RM19.5mil from the companies in 2015.

Judge Datuk Raja Ahmad Mohzanuddin Shah Raja Mohzan allowed the request made by lawyers Mohamed Shahrul Fazli Kamarulzaman, who acted for Umno and Datuk Hasnal Rezua Merican, who appeared for Selangor Umno.

Lawyer Razlan Hadri Zulkifli, who appeared for the plaintiffs (SRC, Gandingan Mentari Sdn Bhd, and Jendela Pinggiran Sdn Bhd), did not object to the matter.

"As we indicated to My Lord, the settlement talks are progressing, and we are seeking a few more days until Nov 27,” said Razlan.

The court then fixed Nov 27 for the parties to update on the settlement.

The plaintiffs filed two suits in May 2021, the first of which was to recover RM16mil allegedly transferred to Umno.

The companies claimed that Umno knew, or ought to have known, that the money belonged to SRC and that Umno had no basis to receive the funds.

The second suit seeks to recover RM3.5mil from Selangor Umno, a sum they claimed the party had wrongfully received. – Bernama

Follow us on our official WhatsApp channel for breaking news alerts and key updates!

Next In Nation

Review eKasih criteria for helping disaster victims, Upko leader urges Putrajaya
'Significantly higher' Federal allocations to continue for poorer states under 13MP, says Rafizi
Govt aiming to cut fiscal deficit to 3.8% this year
Bank employees honoured for scam prevention efforts
Ex-lecturer’s defence team to file representation to review murder charge
Report: Scam calls in Malaysia skyrocketed by 82.81% in 2024
Provisional registration of medical grads down 38% since 2017, says MMC
Not enough evidence to charge Zeti, says Azalina
Bank staff trained to spot ‘red flags’ prevent RM12.4mil in fraudulent transfers
Journalist’s arrest was based on lodged report, says Azam

Others Also Read