Malaysia

Najib gets nod to issue third-party notices to ex-SRC International directors

Judge grants leave following application by counsel with no objection

Updated 3 years ago · Published on 09 Dec 2022 5:07PM

Najib gets nod to issue third-party notices to ex-SRC International directors
Datuk Seri Najib Razak, 69, is serving 12 years in jail after the Federal Court, in August this year, upheld his conviction and jail sentence and RM210 million fine for misappropriating RM42 million in SRC International funds. – The Vibes file pic, December 9, 2022

KUALA LUMPUR – The high court here today granted Datuk Seri Najib Razak permission to issue third-party notices against six former directors of SRC International Sdn Bhd in the US$1.18 billion (RM5.2 billion) suit filed by the company against him.

The six individuals are Datuk Suboh Md Yassin, Nik Faisal Ariff Kamil, Datuk Mohammed Azhar Osman Khairuddin, Datuk Shahrol Azral Ibrahim Halmi, Tan Sri Ismee Ismail, and Datuk Che Abdullah @ Rashidi Che Omar.

SRC previously removed the six individuals from the suit and only retained Najib as the sole defendant.

Judge Datuk Ahmad Fairuz Zainol Abidin granted the leave following the application from Najib’s counsel, Harvinderjit Singh, with no objection from lawyer A.Thenesh on behalf of SRC International.

The court ordered that the notices be delivered to the relevant individuals within 14 days after they are filed.

Harvinderjit said his team would file the notices next week.

SRC as the plaintiff alleged that Najib, who was SRC's emeritus adviser from May 1, 2012, to March 4, 2019, had abused his power and obtained personal benefits from the company’s funds as well as misappropriated the funds. 

SRC, which is now wholly owned by Ministry of Finance Incorporated, is seeking general, exemplary, and additional damages as well as interests, costs, and other appropriate reliefs deemed fit by the court.

Najib, 69, is serving 12 years in jail after the Federal Court, in August this year, upheld his conviction and jail sentence and RM210 million fine for misappropriating RM42 million in SRC International funds. – Bernama, December 9, 2022

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