In Najib trial, documents show top SRC execs colluded on RM140m S. American ‘investment’ | Malay Mail

Former SRC International Sdn Bhd chairman Tan Sri Ismee Ismail arrives at the Kuala Lumpur Court Complex June 17, 2019. — Picture by Yusof Mat Isa

This particular transaction was not known to the rest of the SRC International board, another former director Tan Sri Ismee Ismail testified under cross-examination from Najib’s defence lawyer Harvinderjit Singh. Several documents were submitted to the court that detailed how RM170 million that SRC International had meant to invest in the South American venture and which was supposed to be presented to its board was not, and that some RM140 million was moved around in several bank transactions without their knowledge.

It was also revealed that Nik Faisal and Suboh had both purported to be investment managers tasked to look into the feasibility of entering the South American mining industry at the same time.

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SRC executive acted as company secretary in recording minutes, court toldFormer SRC International chairman Ismee Ismail says it did not occur to him to question why this was so when the company had its own secretary.
Fonte: fmtoday - 🏆 5. / 72 Leggi di più »