Malaysia

Nov 10 hearing for Umno’s bid to strike out SRC suit over misappropriated RM16 mil

Application will be heard at 9am via Zoom, lawyer says

Updated 5 years ago · Published on 26 Aug 2021 7:26PM

Nov 10 hearing for Umno’s bid to strike out SRC suit over misappropriated RM16 mil
SRC International, together with its units Gandingan Mentari and Jendela Pinggiran, filed a suit against Umno in May. – The Vibes file pic, August 26, 2021

KUALA LUMPUR – The high court here today set November 10 to hear Umno’s application to strike out a suit filed by SRC International Sdn Bhd against the party for allegedly receiving a misappropriated sum of RM16 million from the company.

In May, SRC International, a subsidiary of 1Malaysia Development Bhd, under its new management filed the suit together with its units Gandingan Mentari Sdn Bhd and Jendela Pinggiran Sdn Bhd as the plaintiffs, naming Umno as the sole defendant.

A lawyer from Rosli Dahlan Saravana Partnership who acted for the three plaintiffs told Bernama that the court set the date after the matter came up for case management before judicial commissioner Quay Chew Soon.

“The application will be heard at 9am via Zoom.”

SRC International, Gandingan Mentari and Jendela Pinggiran are suing Umno for the RM16 million that was allegedly wrongfully transferred to the party.

In their writ of summons, the plaintiffs said Umno knew or ought to have known that the monies belonged to SRC International, and the party had no basis to receive the funds. 

On May 10, the Finance Ministry confirmed that 1MDB and SRC International had filed 22 civil suits seeking assets of over RM96.6 billion, including RM300 million from various local parties.

The writ of summons was filed on May 7 – six by 1MDB and 16 by SRC International.

The suits filed by 1MDB were against nine entities, including two foreign financial institutions and 25 individuals, while SRC International filed suits against eight entities and 15 individuals over various instances of misconduct. – Bernama, August 26, 2021

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