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‘SRC directors did not have free rein’

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Court News

Najib Razak,SRC International,SRC Lawsuit

Tiko Aryawardhana was accused of committing the offense between 2015 and 2021 while serving as a director at a company.

KUALA LUMPUR: The board of directors at SRC International Sdn Bhd was appointed to execute the wishes of the company’s shareholder, Datuk Seri Najib Razak, the High Court was told.

Najib, who was the prime minister and the finance minister at the material time, was also SRC International’s sole shareholder by way of Minister of Finance . According to Ismee, a news article was published in The Edge, dated May 5, 2014, titled “SRC yet to file accounts or seek extension”. Under a new management, SRC filed the legal action in May 2021, alleging that Najib had committed breach of trust, abuse of power, misappropriated company funds and gained personal benefits.

 

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