Najib gets permission to file third-party notices against former SRC directors

 

The High Court in Kuala Lumpur today granted permission to Najib Abdul Razak to issue third-party notices against six former directors of SRC International Sdn Bhd in the US$1.18 billion (RM7.93 billion) lawsuit filed by the company against him.

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

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

Judge 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.

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 former prime minister Najib, who was SRC's Emeritus Advisor 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 the 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