Failure to recover RM3.6bil ‘investment’ frustrated SRC board, says ex-director

📆 09/05/2024 05:18 a. m.
📰 DailyExpress_MY

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Kuala Lumpur: The directors of SRC International Sdn Bhd became frustrated with management staff for their failure to secure the return of a RM3.6 billion “investment” made overseas, the High Court heard today.

Former director Che Abdullah @ Rashidi Che Omar said the company’s then CEO, Nik Faisal Ariff Kamil, had assured the board that the purported investment could be withdrawn at any time.“We told them to bring it back at whatever cost. We got agitated when we realised we did not get back the money that was promised,” he said.

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